Macro
bond.
A certificate of indebtedness that specifies the obligations of the borrower to the holder is called a
Mexico.
A combination of economic slowdown in China and U.S. monetary policy, as mentioned in "Panic Over U.S. Tapering, China Growth Overdone," could harm the economies of all of the following Latin American countries except:
quantity of inputs
A production function describes the relationship between the ...................... used in production and the quantity of output from production.
included in GDP since government expenditures are included in GDP.
After the terrorist attack on September 11, governments raised expenditures to increase security at airports. These purchases of goods and services are
U.S. GDP and Italian GNP.
An Italian company opens a pasta company in the U.S. The profits from this pasta company are included in
people.
As claimed in "Is the Border Secure?", the buildup of security on the U.S.-Mexico border has resulted in the increasingly lucrative business of smuggling:
success.
As described in "Is the Border Secure?", a pressing problem for the Government Accountability Office (GAO) with regard to the new border-security measures is that no one knows how to define:
capturing terrorists.
As explained in "Is the Border Secure?", when the border patrol became part of the Department of Homeland Security (DHS), its mission expanded to prioritize:
Argentina.
As explained in "Panic Over U.S. Tapering, China Growth Overdone," while most Latin American policymakers have achieved a good level of credibility, the macroeconomic situation has remained unstable in some countries, including:
the terrorist attacks of September 11, 2001.
As reported in "Is the Border Secure?", massive changes in security along the U.S.- Mexico border occurred as a result of:
tax revenue, government spending
Budget surplus is an excess of ................ over ........................
cost
CPI is a measure of the overall ..........of the goods and services bought by a typical consumer.
stressed households drew down their savings.
Commercial bank deposit growth, as explained in "Weakly Capitalized Banks Slowed Lending Recovery After Recession," dipped to its lowest percentage in 2010 largely because:
residential mortgage, auto, and other consumer loans.
Compared with other lending institutions, as described in "Weakly Capitalized Banks Slowed Lending Recovery After Recession," loans made by credit unions are primarily composed of:
New housing
Consumption spending refers to the spending by households, with the exception of purchases of
investment
Crowding out is a decrease in ...................... that results from government borrowing.
savers
Financial intermediaries art the financial institutions through which ................ can indirectly provide funds to borrowers.
2012 than in 2013, and real GDP in 2013 was higher than in 2014.
From this information we can conclude that real GDP was higher in
local, state, and federal governments
Government purchases is a part of GDP, it refers to spending on goods and services by
counted as an intermediate good only if they are used to produce another good like wine
Grapes are
Within a country
Gross domestic product (GDP) is the market value of all final goods and services produced ........................ in a given period of time.
125
If nominal GDP is $20 trillion and real GDP is $16 trillion, the GDP deflator is
5 percent.
If the nominal interest rate is 8% and rate of inflation is 3%, the real interest rate is
economic recession.
In spite of uncertainties, as put forth in "Panic Over U.S. Tapering, China Growth Overdone, Insists IFF," leading economists have urged Latin American policymakers not to abandon the economic reforms that have so far kept the region from:
real estate.
In terms of loan delinquency related to the Great Recession, as put forth in "Weakly Capitalized Banks Slowed Lending Recovery After Recession," the greatest weakness was seen in:
false
In the first quarter of 2010, as stated in "Weakly Capitalized Banks Slowed Lending Recovery After Recession," the loan delinquency rates exceeded 10 percent, as a result of the Great Recession.
$13,889
Ingrid takes a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2014, she has been promoted to full professor, with a salary of $50,000. If the price index in 1974 is 50, and the price index in 2014 is 180, what is Ingrid's 2014 salary in 1974 dollars?
make GDP rise over time.
Over time people have come to rely more on market-produced goods and less on goods that they produce for themselves. For example people eat at restaurants relatively more and prepare their own meals at home relatively less. By itself this change would
hour, worker's time
Productivity is defined as the amount of goods and services produced for each ............. of a .......................
$40 more in her account, and her purchasing power has increased about $30.
Samantha deposits $1,000 in a saving account that pays an annual interest rate of 4 percent. Over the course of a year the inflation rate is 1 percent. At the end of the year Samantha has
a claim to the profits of a firm. ownership in a firm. equity finance.
Stock represents
$100, real 2015 GDP is $50, and the GDP deflator is 200.
Suppose GDP consists of wheat and rice. In 2015, 20 bushels of wheat are sold at $4 per bushel, and 10 bushels of rice are sold at $2 per bushel. If the price of wheat was $2 per bushel and the price of rice was $1 per bushel in 2014, the base year, nominal 2015 GDP is
Nominal 2015 GDP is $500, real 2015 GDP is $800, and the GDP deflator is 62.5.
Suppose that Wisconsin produces cheese and fish. In 2015, 20 units of cheese are sold at $5 each, and 8 units of fish are sold at $50 each. In 2014, the base year, the price of cheese was $10 per unit, and the price of fish was $75 per unit.
120
Suppose that the typical consumer basket consists of 10 bushels of peaches and 15 bushels of pecans and that the base year is 2014. What is the consumer price index for 2015?
false
The Institute of International Finance (IIF), as reported in "Panic Over U.S. Tapering, China Growth Overdone," has stated that economic expansion in Latin America is likely to hold steady this year or even increase over growth in 2013.
we cannot get rid of the business cycles
The United States of America has the best economic system and it is the largest economy in the world. However,
search
The frictional unemployment is the unemployment that results because it takes time for workers to ................ for the jobs that best suit their tastes and skills.
percentage change in the price level from the previous period.
The inflation rate is defined as the
commercial banks.
The largest proportion of lending, as cited in "Weakly Capitalized Banks Slowed Lending Recovery After Recession," is done by:
The value of increased inventory will be counted as part of GDP in 2014, but the value of the cars sold in 2015 will not cause GDP to increase.
The local Chevrolet dealership has an increase in inventory of 25 cars in 2014. In 2015 it sells all 25 cars.
unemployment rate
The natural rate of unemployment is the normal rate of unemployment around which the .......................... fluctuates.
6 percent
The price index in 2014 is 120, and in 2015 the price index is 127.2. What is the inflation rate?
fix the basket, find the prices, compute the basket's cost, choose a base year and compute the index.
The steps involved in calculating the consumer price index include, in order:
GDP
To judge whether or not an economy is doing well, it is useful to look at
minimum wage enforcement
What is a good example of government ethical intervention in the market Economy?
500,000
What is the labor force in this country?
90.90%
What is the labor-force participation rate in this country?
10%
What is the unemployment rate in this country?
20 percent
What was the inflation rate in 2015?
the market value of all final goods and services produced within a country in a given period of time
Which of the following is the correct definition of GDP?