Psu econ - Study guides, Class notes & Summaries

Scarcity correct answers Limited quantities of resources to meet unlimited wants Economics correct answers The study of the choices people make to attain their goals, given their scarce resources oppurtunity cost correct answers The highest-valued, next best alternative that must be sacrificed to obtain something or satisfy a want or to engage in an activity. Individual Behavior correct answers make ourselves as best off as possible, given scarcity Assumptions of Individual Behavior ...

Technological advances generally result in correct answers increased life expectancy The total amount of physical capital available in a country is known as the country's correct answers capital stock The quantity of goods and services that can be produced by one worker or by one hour of work is referred to as: correct answers labor productivity The fictitious country of World Campustan saw its GDP per-capita increase from $36,869 in 2017 to $37,843 in 2018. What was the growth rate in...

PSU Econ 104 Final Exam – Brown University Questions with Correct Answers 100% Verified If the required reserve ration is 20%, the simple deposit multiplier is _______ A. 2 B. 5 C. 10 D. 20 B. 5 1/.2 = 5 Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A and the reserve ratio is 20%. As a result of Kristy's deposit, Bank A's reserves immediately increase by: A. $2,000 B. $8,000 C. $ 10,000 D. $50,000 C. $10,000 This is how much mon...

Econ-102-PSU-Exam-1 ACTUAL EXAM COMPLETE 60 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!.

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Econ 104, Goffe. PSU Exam 2024 Questions and Answers| Verified &Updated. GDP the market value of all FINAL goods and services produced in a country during a period of time. GDP equation GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption expenditures made by households (excluding the purchase of a new house) Investment Final goods and services purchased by business firms (equipment for production and new buildings), changes in inventories (which is th...

Econ 104 Goffe PSU Exam Questions And Answers 100% Verified Economic growth in the 2nd quarter of this year was about_____. a. 1% b. 2% c. 3% d. 4% - answer4% How does capital show up in GDP? a. as something owned by households b. as something owned by firms c. as something purchased by households d. as something produced by firms - answeras something produced by firms T or F: Every time the government writes a check that expense shows up in GDP. a. True b. False - answerFalse Sin...

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