AP Macro Unit 2 Review Questions (College Board) Questions And Answers
2 views 0 purchase
Course
AP Macroeconomics
Institution
AP Macroeconomics
AP Macro Unit 2 Review Questions (College
Board) Questions And Answers
Which of the following groups of people would benefit from unanticipated inflation?
1. Savers
2. Borrowers
3. Lenders
A. 1 only
B. 2 only
C. 3 only
D. 1 and 2 only
E. 1 and 3 only B
AP Macro Unit 2 Review Questions (College
Board) Questions And Answers
Which of the following groups of people would benefit from unanticipated inflation?
1. Savers
2. Borrowers
3. Lenders
A. 1 only
B. 2 only
C. 3 only
D. 1 and 2 only
E. 1 and 3 only B
The table below shows a country's macroeconomic data in 2013.
Consumption Spending ($175 billion)
Individual income taxes ($32 billion)
Private investment spending ($30 billion)
Corporate Taxes ($25 billion)
, AP Macro Unit 2 Review Questions (College
Board) Questions And Answers
Exports ($75 billion)
Government purchases ($40 billion)
Imports ($100 billion
The country's gross domestic product is
A. $220 billion
B. $282 billion
C. $304 billion
D. $309 billion
E. $347 billion A
If in a specified year nominal gross domestic product grew by 11 percent and real gross domestic
product grew by 4 percent, inflation for this year would be
A.-7%
B. 7%
C. 8%
, AP Macro Unit 2 Review Questions (College
Board) Questions And Answers
D. 11%
E. 15% B
In 2007, the nominal gross domestic product (GDP) was $50 billion and the GDP deflator was
200. Thus real GDP was
A. 150
B. 100
C. 50
D. 25
E. 4 D
If a worker's nominal wage rate increases from $10 to $12 per hour and at the same time the
general price level increases by 10 percent, the worker's real wage has
A. approximately decreased by 10%
B. approximately decreased by 20%
C. approximately increased by 10%
, AP Macro Unit 2 Review Questions (College
Board) Questions And Answers
D. approximately increased by 20%
E. not changed C
The value of which of the following is counted in the United States gross domestic product?
A. Clean air
B. Child care a father provides for his child
C. An automobile produced in Sweden by a United States firm
D. A car produced in the United States and sold in Europe
E. Medical services not provided due to preventative health care D
Which of the following would cause the official unemployment rate to understate the problem of
unemployment?
A. Workers receiving unemployment compensation
B. Cyclically unemployed workers
C. Discouraged workers
D. Recent college graduates looking for work
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller UpperClass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $21.49. You're not tied to anything after your purchase.
