ECON 100

Sophia Marcoeconomics Milestone 3 1 Which of the following are NOT ways that budget deficits can have a negative effect on future economic growth? When the debt is held domestically. When they are financed with foreign-held treasury debt. When interest payments are made to foreigners. When they are financed with an increase in taxes. CONCEPT Economic Growth 2 Using the expenditure approach and the information shown here, which of the following is the calculated GDP? Individual Purc...

Sophia Marcoeconomics Milestone 1 1 Which of the following terms is the sum of all final goods and services purchased in an economy? Resource cost/Income approach Factor market Expenditure approach GDP growth CONCEPT Economic Growth (GDP) 2 Which definition below corresponds to economic indicators? Data that indicates past, present and future activit

Sophia Marcoeconomics Milestone 2 1 Select the TRUE statement below regarding aggregate supply in the short and long run. In the long run, there are no limits on production. The relationship between price level and RGDP is negative in the short run. The LRAS curve can move over time. In the long run, there is a close relat