Econ 203 midterm exam u - Study guides, Class notes & Summaries
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Econ 203 Midterm Exam UPDATED ACTUAL Questions and CORRECT Answers
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Econ 203 Midterm Exam UPDATED
ACTUAL Questions and CORRECT
Answers
three main indicators of performance - CORRECT ANSWER- rate of growth of output of
goods and services, rate of inflation (price level), employment/unemployment rate
Rate of growth of real gdp - CORRECT ANSWER- real gdp y2 - real gdp y1/real gdp y1 x
100
inflation rate - CORRECT ANSWER- cpi y2 - cpi y1/cpi y1 x 10
Exam (elaborations)
Econ 203 Midterm Exam UPDATED ACTUAL Questions and CORRECT Answers
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Econ 203 Midterm Exam UPDATED ACTUAL Questions and CORRECT Answers three main indicators of performance - CORRECT ANSWER- rate of growth of output of goods and services, rate of inflation (price level), employment/unemployment rate Rate of growth of real gdp - CORRECT ANSWER- real gdp y2 - real gdp y1/real gdp y1 x 100 inflation rate - CORRECT ANSWER- cpi y2 - cpi y1/cpi y1 x 10
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