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eco 2302 final Questions and Correct Answers | Latest Update
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the field of macroeconomics developed when economists looked for causes of:  the Great Depression Most economists who have studied it believe that the Great Depression was caused by:  Poor economic policy making the degree to which people have access to goods and services that make their ...

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  • October 4, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • eco 2302 final questions and correct answers la
  • the field of macroeconomics developed when economi

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Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025


eco 2302 final Questions and Correct
Answers | Latest Update
the field of macroeconomics developed when economists looked for causes of:


 the Great Depression




Most economists who have studied it believe that the Great Depression was caused by:


 Poor economic policy making




the degree to which people have access to goods and services that make their lives easier,

healthier, safer, and more enjoyable is called the:


 standard of living




If total output increases from $1 trillion to $2 trillion as population increases from 100 million

to 200 million, then, output per person:


 remains constant.




Average labor productivity equals:


 output per employed worker.




~ 1 ~ for inquiry mail me @ supergrades12@gmail.com

, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025

The country of Southland produced $2,000 billion of output in one year. The population of

Southland was 100 million, of whom 60 million were employed. What was the average labor

productivity in Southland?


 $33,333




Output per worker must be ____________ output per person.


 greater than or equal to




If average labor productivity increases while population and the number of employed workers

remain constant, then total output:


 increases




A particularly severe recession is called a(n):


 depression




The unemployment rate in the United States at the peak of the Great Depression was

_________ percent.


 25




A trade deficit occurs when:




~ 1 ~ for inquiry mail me @ supergrades12@gmail.com

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