Principles of Macroeconomics

Points Received: 2 of 2 Comments: Queson 31. Queson : GDP = C + I + G is an example of Student Answer: market economy modern economies open economy closed economy Points Received: 0 of 2 Comments: Queson 32. Queson : The balanced budget mulplier is Student Answer: equal to the size of the budget equal to the tax mulplier plus 1 equal to the tax mulplier minus 1 none of the above Points Received: 2 of 2 Comments: Queson 33. Queson : Economic growth is important because expansion in the output of goods and services Student Answer: necessarily creates more jobs (more work for people) makes it possible for individuals to consume more and achieve higher living standards. leads to an increase in the general level of prices. generates addional tax revenues for the government. Points Received: 0 of 2 Comments: Queson 34. Queson : GDP = C+ I+ G is a model of Student Answer: closed economy equilibrium private economy equilibrium open economy equilibrium no growth equilibrium Points Received: 0 of 2 Comments: Queson 35. Queson : Which of the following is most likely to be a major source of growth in per capita GDP? Student Answer: a high investment/GDP rao a high rate of inﬂaon rapid populaon growth rapid growth in the money supply Points Received: 0 of 2 Comments: Queson 36. Queson : The value of money varies: Student Answer: Inversely with the price level. Directly with the volume of employment. Directly with the price level. Directly with the interest rate. Points Received: 2 of 2 Comments: Queson 37. Queson : Compared with ﬁscal policy, monetary policy is: Student Answer: quicker and easier to implement. slower and more cumbersome to implement more dependent on Congressional acon. More likely to produce an oﬀseng net export eﬀect. Points Received: 2 of 2 Comments: Queson 38. Queson : Crics of economic growth: Student Answer: contend that growth and industrializaon reduce polluon. argue that economic growth does not resolve socioeconomic problems such as income inequality. point out that growth results in greater economic security for workers. say that its beneﬁts acrue nearly exclusively to white males. Points Received: 2 of 2 Comments: Queson 39. Queson : We sell more merchandize goods to India than India sells to us Student Answer: our balance of payment with India is posive India's balance of payment with us is posive our balance of trade with India is posive both 1 and 3 Points Received: 0 of 2 Comments: Queson 40. Queson : An example of non-tariﬀ barrier includes Student Answer: A speciﬁc tax on imported Mexican strawberries A limit on the import of Mexican strawberries ban on Mexican strawberries due to health concerns all of the above Points Received: 0 of 2 Comments: Queson 41. Queson : The economist who introduced the theory of comparave advantage is

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