Guides d'étude, Notes de cours & Résumés

Macroeconomics Questions with 100% Correct Answers What is GDP? - (gross domestic product) the total dollar value of all final goods and services produced within the country's borders in a given year. Important features of GDP: - dollar value goods and services final products, within a country's borders, and in a given year 4 categories of spending: - consumption investment government purchases Xnet (net exports) Suppose a house is built and sold in the year 2000. If the house is r...

MACROECONOMICS Questions with 100% Correct Answers RESOURCE - Anything that can be used to produce something else. There are FOUR "Factors of Production": 1.) LAND - natural resources (mineral, timber, etc.) 2.) LABOR - effort of workers (education) 3.) CAPITAL - manufactured goods used to produce other goods 4.) ENTREPRENEURSHIP - innovation OPPORTUNITY COST - Cost of the next best alternative use of money, time, or resources when one choice is made rather than another POSITIVE ECON...

Macroeconomics 26 Questions with 100% Correct Answers 1) Over a long period of time, perhaps many years, changes in real GDP come primarily from A) leftward shifts of the AD curve. B) upward shifts of the AE curve. C) upward shifts of the AS curve. D) continuous increases in potential GDP. E) rightward shifts of the AD curve. - D 2) In the long run, changes in average material living standards are best shown by A) population growth. B) improvements in monetary policy. C) growth in rea...

Basic Macroeconomics Concepts.

Economics- macroeconomics revision.

IB Economics Macroeconomics.

Introduction to Macroeconomics Quiz.

Macroeconomic Terms.

Macroeconomics Midterm.

Macroeconomics (high school).