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ECO 202 Bundled Exam Questions and CORRECT Answers
ECO 202 Bundled Exam Questions and CORRECT Answers
[Show more]ECO 202 Bundled Exam Questions and CORRECT Answers
[Show more]Macroeconomics ECO 202 UPDATED 
ACTUAL Questions and CORRECT 
Answers 
Economy - CORRECT ANSWER- Economic value of all activities within the society. 
2 types of economics - CORRECT ANSWER- microeconomics and macroeconomics 
Microeconomics - CORRECT ANSWER- About businesses and individuals in a 
...
Preview 1 out of 3 pages
Add to cartMacroeconomics ECO 202 UPDATED 
ACTUAL Questions and CORRECT 
Answers 
Economy - CORRECT ANSWER- Economic value of all activities within the society. 
2 types of economics - CORRECT ANSWER- microeconomics and macroeconomics 
Microeconomics - CORRECT ANSWER- About businesses and individuals in a 
...
ECO 202 UPDATED Questions and 
CORRECT Answers 
Harvey quit his job at State University where he earned $45,000 a year. He figures his 
entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. To start the 
business, he cashed in $100,000 in bonds that earned 10 percent inte...
Preview 2 out of 12 pages
Add to cartECO 202 UPDATED Questions and 
CORRECT Answers 
Harvey quit his job at State University where he earned $45,000 a year. He figures his 
entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. To start the 
business, he cashed in $100,000 in bonds that earned 10 percent inte...
ECO 202 UPDATED ACTUAL Questions 
and CORRECT Answers 
The AD-AS supply model considers _____ of the economy. - CORRECT ANSWER- 
both the producer (supply) side and the spending (demand) of the economy 
The AD-AS model seek to explain: - CORRECT ANSWER- the business cycle and the 
inflation rate 
...
Preview 2 out of 11 pages
Add to cartECO 202 UPDATED ACTUAL Questions 
and CORRECT Answers 
The AD-AS supply model considers _____ of the economy. - CORRECT ANSWER- 
both the producer (supply) side and the spending (demand) of the economy 
The AD-AS model seek to explain: - CORRECT ANSWER- the business cycle and the 
inflation rate 
...
ECO 202 Final UPDATED ACTUAL 
Questions and CORRECT Answers 
The purchase by a household in China of a CD produced in the United States is included in 
US - CORRECT ANSWER- Net exports 
Refer to Table 8-3. Consider the data above (in billions of dollars) for an economy: Gross 
domestic product (in...
Preview 2 out of 9 pages
Add to cartECO 202 Final UPDATED ACTUAL 
Questions and CORRECT Answers 
The purchase by a household in China of a CD produced in the United States is included in 
US - CORRECT ANSWER- Net exports 
Refer to Table 8-3. Consider the data above (in billions of dollars) for an economy: Gross 
domestic product (in...
ECO 202 Final UPDATED Questions and 
CORRECT Answers 
T or F: Debt-to-GDP ratio typically increases during war time - CORRECT ANSWER- 
True 
What would happen to the market for loanable funds if the government cuts the capital gains 
tax? - CORRECT ANSWER- Supply increases
Preview 2 out of 9 pages
Add to cartECO 202 Final UPDATED Questions and 
CORRECT Answers 
T or F: Debt-to-GDP ratio typically increases during war time - CORRECT ANSWER- 
True 
What would happen to the market for loanable funds if the government cuts the capital gains 
tax? - CORRECT ANSWER- Supply increases
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