Gof - Studienführer, Klassennotizen & Zusammenfassungen

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Psych 130 Goff Final UCLA – Questions & Answers

ECON 104 FINAL – GOFFE EXAM 2024 VERIFIED 100% CORRECT!!

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ECON 104 Bille Goffe Final Exam Questions Reviewed And Revised With Correct Answers 1) Which of the following compares prices in one year to prices in a base year (or period)? -real GDP and the GDP deflator -nominal GDP and real GDP -the CPI and nominal GDP -the GDP deflator and the CPI - ANSWER and the CPI the GDP deflator 2) How much did your real wage grow if your nominal wage grew by 5% and the CPI grew by 2%? -5% -2% -7% -3% - ANSWER 3% 3) Which tracks the LEAST ...

ECON 104 Bille Goffe Final Exam Questions Reviewed And Revised With Correct Answers 1) If nominal GDP is growing more quickly than real GDP, which is most likely? A. rising prices B. falling prices C. an expansion D. a recession - ANSWER A. rising prices 2) Which two are most likely to go together? ___ inflation and ___ in the GDP deflator. A. High, small increases B. High, large increases C. Low, small decreases D. Low, large decreases - ANSWER B. High, ...

Psych 130 Final Review (Goff) UCLA – Q&A

GDP correct answers the market value of all FINAL goods and services produced in a country during a period of time. GDP equation correct answers GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption correct answers expenditures made by households (excluding the purchase of a new house) Investment correct answers Final goods and services purchased by business firms (equipment for production and new buildings), changes in inventories (which is thee diff...

Economic growth in the 2nd quarter of this year was about_____. a. 1% b. 2% c. 3% d. 4% correct answers 4% How does capital show up in GDP? a. as something owned by households b. as something owned by firms c. as something purchased by households d. as something produced by firms correct answers as something produced by firms T or F: Every time the government writes a check that expense shows up in GDP. a. True b. False correct answers False Since 1970, real GDP_____. ...