Reference no: EM131001868
1. If the price of housing (which accounts for roughly 40% of total expenditures in the CPI basket) rises by 15% in one year while the prices of all other goods rises by 25%, by how much will the CPI rise by given this information? A. 10% B. 12% C. 15% D. 21%
2. If nominal GDP is $6,039 billion and the price index for the CPI is 110.1, given this information what would be real GDP? A. $6,648 billion. B. $6,039 billion. C. $5,485 billion. D. $4,200 billion.
3. If substantially more foreign money is invested in Mexico than Mexican citizens have invested abroad in other countries, then one will likely expect: A. Mexican GDP to exceed Mexican GNP. B. Mexican net foreign factor income to be positive. C. Mexican net foreign factor income to be zero. D. Mexican GNP to exceed Mexican GDP.
4. GDP measures the economic activity that occurs within a country regardless of who owns the resources, GNP measures the economic activity of the citizens and businesses of a country. True or False?
5. Classicals would agree that usually: A. all unemployment can be generally attributed to frictional unemployment. B. frictional unemployment is only a small part of total unemployment. C. structural and cyclical unemployment are more common than frictional unemployment. D. society owes a person a job commensurate with his or her training.
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According to the film the house we live in
: According to the film, the “House We Live In”, What is whiteness? Who decides what whiteness is? How does whiteness depend on the racialization of non-white racial groups? Finally, in what ways do Asian Americans experience a change to their citizens..
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Determine the present value of the stream
: An owner can lease her building for $120,000 per year for three years. The explicit cost of maintaining the building is $40,000, and the implicit cost is $55,000. All revenues are received, and costs borne, at the end of each year. If the interest ra..
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For several decades the labor force participation rate
: For several decades the labor force participation rate of women increased steadily but average hours worked per employed woman decreased steadily. Holding all other factors constant could rising wage rates of women explain both phenomena? Explain.
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Calculate the equilibrium price-firm output-total output
: All firms in a Cournot monopolistically competitive industry have the same cost function C(q) = 25 + 40q. Market demand is Q(p) = 140 − p. Calculate the equilibrium price, firm output, total output, and number of firms in the industry.
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Substantially more foreign money is invested
: If the price of housing (which accounts for roughly 40% of total expenditures in the CPI basket) rises by 15% in one year while the prices of all other goods rises by 25%, by how much will the CPI rise by given this information? If substantially more..
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According to the classical view of business cycles
: According to the Classical view of business cycles:
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Nominal GDP accompanied by a decrease in real GDP
: An increase in nominal GDP accompanied by a decrease in real GDP: A. is impossible. B. implies that the price level in the economy fell. C. implies that the price level in the economy rose. D. implies that the price level in the economy remained the ..
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Keynesians would likely agree that
: Keynesians would likely agree that: A. all unemployment is frictional unemployment. B. if a person isn't working, that's his or her own choice. C. structural and cyclical unemployment are more common than frictional unemployment. D. unemployment is i..
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National income would no longer equal GDP
: If a firm sold $700 worth of goods which cost $1,000 to produce: A. national income would no longer equal GDP. B. the firm's loss needs to be subtracted from final sales so that income and output are still equal. C. the firm's loss would not be added..
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