- 23 Why Do Most Central Bankers Want Inflation To Be More Than Zero Percent 2 Points D All Of E None Of These Choic 1 (45.71 KiB) Viewed 64 times
- 23 Why Do Most Central Bankers Want Inflation To Be More Than Zero Percent 2 Points D All Of E None Of These Choic 2 (45.71 KiB) Viewed 64 times
- 23 Why Do Most Central Bankers Want Inflation To Be More Than Zero Percent 2 Points D All Of E None Of These Choic 3 (24.83 KiB) Viewed 64 times
- 23 Why Do Most Central Bankers Want Inflation To Be More Than Zero Percent 2 Points D All Of E None Of These Choic 4 (19.24 KiB) Viewed 64 times
- 23 Why Do Most Central Bankers Want Inflation To Be More Than Zero Percent 2 Points D All Of E None Of These Choic 5 (21.75 KiB) Viewed 64 times
- 23 Why Do Most Central Bankers Want Inflation To Be More Than Zero Percent 2 Points D All Of E None Of These Choic 6 (56.17 KiB) Viewed 64 times
d All of e) None of these choices are possible. Here is economic data for the country of Bolow. Prices have RISEN over the last 10 years in this country. What could nominal GDP be in 2010? (2 points) Year 2010 2020 al $150 billion $300 billion c) $400 billion Real GDP $200 billion $300 billion Nominal GDP $200 billion XXXXXX d) All of these could be Nominal GDP el None of these could be nominal GDP in this country
el None of these 2) In the country of Spaghetti, people earn 100,000 Noodles per year. In the US, people earn $50,000 per year. A can of tomato sauce costs 10 Noodles in Spaghetti, and $2 in the US. The exchange rate is 10 Noodles per one dollar. What is GDP per capita at market exchange rates in the country of Spaghetti? (2 points) a) $10,000 b) $0 c) $5,000 (d) $50,000 e) $100,000 f) None of these are true
Why might a higher world population make people poorer? (2 points) Some production processes have increasing returns Labor has diminishing returns c) More people leads to more ideas and better technology d) All of these are reasons that a higher world population would make the world poorer e) None of these are true
(2) 13/Consider two problems: ONE: Production requires resources, and there are limited resources in the world. If we run out, growth will stop. TWO: Production can create pollution, and this can make people sick and slow down growth Which problem is more likely to require new government policies to solve? (2 points) a) Solving resource scarcity will require government policies FOR SURE (6) Solving resources scarcity is more likely to require new government policies Preventing pollution is more likely to require new government policies d) Both problems are equally likely to require government policies to solve e) Actually, people will ALWAYS solve the problem of resource scarcity without government policies, under ANY circumstances None of these are true 14) What is one of the reasons poor countries might NOT grow faster than rich countries? (2 points) a) Because capital has diminishing returns b) Because it is easier to copy technology than it is to invent technology (c) Because many poor countries have insecure property rights d) All of these are reasons poor countries might not grow faster e) None of these are true 251 What are some reasons growth accounting is not perfect? (2 points) Growth accounting requires estimating the amount of inputs Growth accounting requires estimating HOW inputs affect production It is hard to separate technology from capital c) d) All of these are reasons growth accounting is not perfect e) Actually, growth accounting IS perfect 16) Why might a country grow slower if it used industrial policy? (2 points) a) Because industrial policy favors industry, but the financial industry is always more important for growth b) Because industrial policy favors industry, but the tourism industry is always more important for growth Because politicians might support industries that benefit them instead of industries that benefit the country d) All of these are reasons a country might grow slower if it used industrial policy e) None of these are reasons a country might grow slower if it used industrial policy