Basic preconditions for economic growth

Assignment Help Macroeconomics
Reference no: EM1373539

Question1. The time spent on job search rises when:

a. unemployment compensation decreases
b. unemployment compensation increases
c. the efficiency wage rate is lowered
d. more young people enter the labor force.

Question2. The productivity curve:

a. has a positive slope
b. has a negative slope
c. is vertical
d. is horizontal

Question3. Determine which of the following is not one of the basic preconditions for economic growth?

a. markets
b. property rights
c. investment in human capital
d. monetary exchange

Question4. Assume that capital per hour of labor grew enough to increase GDP per hour of labor by 3 percent. Then, using the one-third rule, the growth in capital per hour of labor must have been:

a. 1 percent
b. 9 percent
c. 3 percent
d. 0 percent

Question5. A decrease in the amount of capital per hour of labor leads to:

a. an upward shift in the productivity curve.
b. a downward shift in the productivity curve.
c. a movement along the productivity curve to a higher level of output per hour of
labor.
d. a movement along the producitivity cure to a lower level of output per hour of labor

Question6. Depository institutions

a. make profit from the spread between the interest rate they pay on deposits and
the interest rate they receive on loans.
b. earn profit according to how much the federal reserve pays them.
c. earn money by charging the government for their services.
d. earn zero profit but receive compensation by the government because there
services are so valuable.

Question7. If a $750 bond promises to pay $30 per year, the intereate rate is ________.

Question8. Nominal GDP, PY is $7.5 trillion. The quantity of money is $3 trillion. The velocity of
circulation is ________.

Question9. The quantity of money is an economy is $9 million, and the velocity of circulation is 3. Nominal GDP is this economy is ___________.

Question10. Suppose that last year the Consumer Price Index was 124; this year it is 130.7. What was the inflation rate between these years?

 

Reference no: EM1373539

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  Explain how does the concept of comparative advantage

Explain how does the Concept of Comparative Advantage actually "prove the advantages" of free trade to both countries involved in a transaction.

  Explain in briefly about two paragraphs supply and demand

Explain in briefly about two paragraphs the supply and demand analysis and the impact of government regulations at McDonalds.

  Separate graph each indicator illustrating historic trend

Discuss its current status. If possible, current a separate graph for each indicator illustrating the historic trend for each.

  Basis of the kinked demand model

Determine the basis of the kinked-demand model? Describe the reason for the gap in oligopolist's marginal-revenue curve. How does this model explain price rigidity in oligopoly.

  Macroeconomic variables during economic expansion

Because net exports are counter-cyclical, analyze how the following change during an economic expansion: Consider the case in the context of a flexible exchange rate and a fixed exchange rate.

  Computation of per capita gdp-population and gdp

If the US population is growing at .88% per year, while GDP is growing at 2.5% per year, and if these growth rates remain constant for the next five years, what will be the population and GDP levels in five years?  Please show your work.

  Advantages and disadvantages of using a change in the tax

Explain the advantages and disadvantages of using a change in the tax rate to achieve the desired increase in output.

  Illustrate what are the benefits and drawbacks

Illustrate what are the benefits and drawbacks of dynamic pricing for that particular company.

  Features of the neoclassical supply of labour

Adopting the main features of the neoclassical supply of labour, elucidate how these 2 factors may be related.

  Explain how did the resolution affect the short

Explain How did the resolution affect the short and long run costs of the firm. What are the lessons to be learned that can be applied to your position at Acme Motors in Nuevo Laredo.

  Illustrtae the possibly changes which the accrual accounting

Illustrtae the possibly changes which the "accrual" accounting or the "cash basis" could bring into the financial statements.

  Long run profits and number of firms in industry

Suppose that there are N firms in a competitive industry-Calculate the number of firms that will be in the industry in the long run and what will be the profit of each? Explain.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd