Eco372 output Study guides, Class notes & Summaries

ECO 372 FINAL EXAM / ECO372 FINAL EXAM: LATEST-UNIVERSITY OF PHOENIX1 The Marions purchased a Persian rug worth $5,000 from an Iranian textile mill. Everything else remaining unchanged, this will: decrease the net imports of the domestic country by $5,000. decrease the consumption expenditure in the domestic country by $5,000. reduce the net exports of the domestic country by $5,000. increase the gross domestic product of the domestic country by $5,000. 2 The table given ...

Which of the following statements correctly explains exports versus net exports? - Exports are goods, services, or resources produced domestically and sold abroad, while net exports are equal to exports minus imports. The major difference between nominal GDP and real GDP is: - nominal GDP measures the value of output in current-year prices, while real GDP measures output using constant prices. The equation for net investment is written as: - Net Investment = Gross Investment - Depreciation...

ECO 372 Final Exam Guide / ECO372 Final Exam Guide (Latest, 2019) 1. Martha lends $200 to a friend who promises to return it after a year. Instead of lending it to her friend, Martha could have put the money in a bank where she could have earned an interest rate of 2 percent per annum. Martha’s opportunity cost of lending the money is _____. A.$2 B.$204 C.$200 D. $4 2 The exhibit given below shows the short-run aggregate demand and supply curves in an economy, AD1 and AS1, and the long-run ...

ECO 372 Final Exam / ECO372 Final Exam (Latest) 1 The Marions purchased a Persian rug worth $5,000 from an Iranian textile mill. Everything else remaining unchanged, this will: decrease the net imports of the domestic country by $5,000. decrease the consumption expenditure in the domestic country by $5,000. reduce the net exports of the domestic country by $5,000. increase the gross domestic product of the domestic country by $5,000. 2 The table given below shows the total amount of sp...