Gross domestic product calculations count only final goods and services because Study guides, Class notes & Summaries

Econ_102 Questions With Answers. Question 1 of 10 10.0/ 10.0 Points Economics is best defined as the study of A. financial decision-making B. how consumers make purchasing decisions. C. choices made by people faced with scarcity. D. inflation, unemployment, and economic growth Answer Key: C Question 2 of 10 10.0/ 10.0 Points Macroeconomics differs from microeconomics in that A. macroeconomics is the study of individual markets, while microeconomics deals with the n...

ECON 102 sample of tested exam questions with answers new solution docs 2020 Question 1 of 10 10.0/ 10.0 Points Economics is best defined as the study of A. financial decision-making B. how consumers make purchasing decisions. C. choices made by people faced with scarcity. D. inflation, unemployment, and economic growth Question 2 of 10 10.0/ 10.0 Points Macroeconomics differs from microeconomics in that A. macroeconomics is the study...

Econ 102 quiz 1 ( QUESTIONS AND ANSWERS). Question 1 of 10 10.0/ 10.0 Points Economics is best defined as the study of A. financial decision-making B. how consumers make purchasing decisions. C. choices made by people faced with scarcity. D. inflation, unemployment, and economic growth Answer Key: C Question 2 of 10 10.0/ 10.0 Points Macroeconomics differs from microeconomics in that A. macroeconomics is the study of individual markets, while microeconomics deals with the nat...

ECON 2006 Practice Problems solved exam solution new docs 79/79 questions and answers solution docs 1) If real salaries increase but nominal salaries do not, this means that: A) the purchasing power of money has decreased. B) prices have not changed. C) prices have risen. D) prices have fallen. 2) Suppose your bank pays you 4 percent interest per year on your savings account, so that $100 grows to $104 over a one-year period. If prices increase by 3 percent per year over that time, a...