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ECON 104 (EXAM 1) SOLVED CORRECTLY 2024!!
ECON 104 FINAL EXAM QUESTIONS WITH COMPLETE ANSWERS!!
Econ 104 Bundled Exam With Complete Solutions.
![PSU Econ 104 Final Exam Questions And Answers 100% Verified](/docpics/5273764/66406c7b7eab9_5273764_121_171.jpeg)
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PSU Econ 104 Final Exam Questions And Answers 100% Verified
- Exam (elaborations) • 21 pages • 2024
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PSU Econ 104 Final Exam Questions And 
Answers 100% Verified 
If the required reserve ration is 20%, the simple deposit multiplier is _______ 
A. 2 
B. 5 
C. 10 
D. 20 - answerB. 5 
1/.2 = 5 
Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A 
and the reserve ratio is 20%. As a result of Kristy's deposit, Bank A's reserves immediately 
increase by: 
A. $2,000 
B. $8,000 
C. $ 10,000 
D. $50,000 - answerC. $10,000 
This is how much money she puts in the...
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Econ 104 Goffe PSU Exam Questions And Answers 100% Verified
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Econ 104 Goffe PSU Exam Questions And 
Answers 100% Verified 
Economic growth in the 2nd quarter of this year was about_____. 
a. 1% 
b. 2% 
c. 3% 
d. 4% - answer4% 
How does capital show up in GDP? 
a. as something owned by households 
b. as something owned by firms 
c. as something purchased by households 
d. as something produced by firms - answeras something produced by firms 
T or F: Every time the government writes a check that expense shows up in GDP. 
a. True 
b. False - answerFalse 
Sin...
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Econ 104, Goffe, PSU Exam Questions And Answers 100% Verified
- Exam (elaborations) • 10 pages • 2024
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Econ 104, Goffe, PSU Exam Questions And 
Answers 100% Verified 
GDP - answerthe market value of all FINAL goods and services produced in a country 
during a period of time. 
GDP equation - answerGDP(Y)=C (consumption) + I (investments) +G (gov purchases) 
+NX (net exports) 
Consumption - answerexpenditures made by households (excluding the purchase of a new 
house) 
Investment - answerFinal goods and services purchased by business firms (equipment for 
production and new buildings), changes in i...
![Econ 104 Final Exam Questions And Answers (Verified And Updated)](/docpics/5273755/66406c419e8f7_5273755_121_171.jpeg)
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Econ 104 Final Exam Questions And Answers (Verified And Updated)
- Exam (elaborations) • 9 pages • 2024
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Econ 104 Final Exam Questions And 
Answers (Verified And Updated) 
Nominal GDP - answerthe value of final goods and services evaluated at current-year prices 
How to calculate nominal GDP - answerC + I + G +NX 
Real GDP - answerThe value of final goods and services evaluated at base-year prices 
How to calculate real GDP - answerP*Q for every good in GDP and add them all together 
BASE YEAR 
2014 - 100M visits at $50 each 2015 - 103M visits at $53 
10M cars at $20,000 each 11M cars at $20,500 ea...
ECON 104 (Dave Brown) EXAM 2 Questions with Verified Solutions.
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Econ 104 Final – Goffe Exam with Verified Solutions 2024 Update
- Exam (elaborations) • 9 pages • 2024
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Econ 104 Final – Goffe Exam with Verified 
Solutions 2024 Update 
Nominal GDP - Answer -the value of final goods and services evaluated at current-year prices 
How to calculate nominal GDP - Answer -C + I + G +NX 
Real GDP - Answer -The value of final goods and services evaluated at base-year prices 
How to calculate real GDP - Answer -P*Q for every good in GDP and add them all together 
BASE YEAR 
2014 - 100M visits at $50 each 2015 - 103M visits at $53 
10M cars at $20,000 each 11M cars at $...
![Econ 104, Goffe, PSU 2024 with Verified Solutions](/docpics/5158820/6631e4b531535_5158820_121_171.jpeg)
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Econ 104, Goffe, PSU 2024 with Verified Solutions
- Exam (elaborations) • 10 pages • 2024
-
- $10.99
- + learn more
Econ 104, Goffe, PSU 2024 with Verified 
Solutions 
GDP - Answer -the market value of all FINAL goods and services produced in a country during a period of 
time. 
GDP equation - Answer -GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) 
Consumption - Answer -expenditures made by households (excluding the purchase of a new house) 
Investment - Answer -Final goods and services purchased by business firms (equipment for production 
and new buildings), changes in invento...
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