Case
Real world cases 5.1 and 5.2 questions, 2022.
- Course
- HITT 1102
- Institution
- Strayer University - All Va Campuses
Real world cases 5.1 and 5.2 questions, 2022.
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Chapter 5.1, 5.21.Macroeconomics typically focuses on:: The performance of the national economy.
2.The gross domestic product (GDP) measures the market value of:: All final goods and services produced in a country during a year.
3.Which of the following best describes the gross domestic product (GDP)?-
: The product of the quantity of all goods and services produced in a nation during a year and the price.
4.Which of the following is true of a stock variable?: A stock variable is a measure of something at a particular point in time.
5.The key difference between a stock and a flow is that a flow is measured , while a stock is measured .: Over an interval of time; at a particular point in time.
6.Which of the following is an example of a flow variable?: The amount by which a firm's output increases with every additional worker.
7.According to mercantilism, .: Restricting imports through trade barriers such as tariffs and quotas will help a nation accumulate precious metals in the public treasury.
8. is a theory that believes that a nation's economic objective should
be to accumulate precious metals in the public treasury.: Mercantilism
9.Economic fluctuations refer to the rise and fall of economic activity relative to:: The long-term growth trend of an economy.
10.Which of the following is most likely to indicate an economic expansion in the United States?: An increase in the annual average disposable income of households from $25,000 in 2014 to $35,000 in 2015.
11.Which of the following reflects an economic contraction?: An increase in the rate of unemployment in an economy.
12.An increase in an economy's average price level is known as:: Inflation.
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