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PSU Econ 104 Study guides, Class notes & Summaries
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Econ 104 Final – Goffe Exam Questions and Answers | 100% Pass!!
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Econ 104 Final – Goffe Exam Questions and 
Answers | 100% Pass!! 
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 $20,500...
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PSU ECON 104 Exam 3 || A+ Graded Already.
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Which of the following is not one of the three main reasons for the inverse relationship between AE and price level? 
The price-level effect 
The interest-rate effect 
The wealth effect 
The international-trade effect correct answers The price-level effect 
 
Holding all else constant, a decrease in the price level would be represented by a movement to __________. correct answers the left 
 
Holding all else constant, a decrease in consumers' expected future income would be represented by a mov...
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Econ 104, Goffe. PSU Exam 2024 Questions and Answers| Verified &Updated.
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Econ 104, Goffe. PSU Exam 2024 Questions and Answers| Verified &Updated. 
GDP the market value of all FINAL goods and services produced in a country during a period 
of time. 
GDP equation GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net 
exports) 
Consumption expenditures made by households (excluding the purchase of a new house) 
Investment Final goods and services purchased by business firms (equipment for production 
and new buildings), changes in inventories (which is th...
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Econ 104 Final – Goffe Exam Questions and Answers | 100% Pass!!
- Exam (elaborations) • 12 pages • 2024
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- $12.49
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Econ 104 Final – Goffe Exam Questions and 
Answers | 100% Pass!! 
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 $20,500...
-
Econ 104, Goffe, PSU 2024 Exam Graded A+ | Verified & Updated
- Exam (elaborations) • 13 pages • 2024
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Econ 104, Goffe, PSU 2024 Exam Graded A+ 
| Verified & Updated 
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 i...
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PSU Econ 104 Final Exam – Brown (Graded A+)
- Exam (elaborations) • 28 pages • 2024
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PSU Econ 104 Final Exam – Brown (Graded A+) 
If the required reserve ration is 20%, the simple deposit multiplier is _______ 
A. 2 
B. 5 
C. 10 
D. 20 -Answer-B. 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 -Answer-C. $10,000 
This is how much money she puts in the bank. 
Imagine...
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Econ 104, Goffe. PSU Exam Questions and answers Updated 2024
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Econ 104, Goffe. PSU Exam Questions and answers Updated 2024 
 
 
GDP	the market value of all FINAL goods and services produced in a country during a period of time. 
GDP equation	GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) 
Consumption	expenditures made by households (excluding the purchase of a new house) 
Investment	Final goods and services purchased by business firms (equipment for production and new buildings), changes in inventories (which is thee differen...
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PSU Econ 104 Final Exam – Brown University Questions with Correct Answers 100% Verified
- Exam (elaborations) • 24 pages • 2024
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PSU Econ 104 Final Exam – Brown 
University Questions with Correct 
Answers 100% Verified 
If the required reserve ration is 20%, the simple deposit multiplier is _______ 
A. 2 
B. 5 
C. 10 
D. 20 B. 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 C. $10,000 
This is how much mon...
-
PSU Econ 104 Final Exam Questions and Answers 100% Correct
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PSU Econ 104 Final Exam Questions 
and Answers 100% Correct 
Which of the following would be an example of a microeconomic issue? Select all that apply. 
1. The federal government of Sweden offers tax credits for individuals to put solar paneling on 
their homes. 
2. Sandra takes out a loan to invest in a new business opportunity. 
3. A local sandwich shop shuts down during a recession. 
4. None of these are microeconomic issues. 1, 2, and 3 
True or false: Macroeconomics is the study of the e...
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PSU Econ 104 Final Exam || All Questions Answered Correctly.
- Exam (elaborations) • 14 pages • 2024
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Which of the following would be an example of a microeconomic issue? Select all that apply. 
1. The federal government of Sweden offers tax credits for individuals to put solar paneling on their homes. 
2. Sandra takes out a loan to invest in a new business opportunity. 
3. A local sandwich shop shuts down during a recession. 
4. None of these are microeconomic issues. correct answers 1, 2, and 3 
 
True or false: Macroeconomics is the study of the economy as a whole which includes topics such a...
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PSU Econ 104 Final Exam – Brown || with 100% Error-free Solutions.
- Exam (elaborations) • 16 pages • 2024
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If the required reserve ration is 20%, the simple deposit multiplier is _______ 
A. 2 
B. 5 
C. 10 
D. 20 correct answers B. 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 correct answers C. $10,000 
 
This is how much money she puts in the bank. 
 
Imagine that Kristy deposits $10...