Econ Midterm 2 Questions by Lea Mulan Clark https://padlet.com/leamulanc/6cm95f1894cjbte1 Made with panache en-us 2021-04-19 05:26:36 UTC 2021-04-19 18:45:53 UTC hello@padlet.com https://padlet.net/icons/png/1f643.png Suppose that a country decreased its saving rate. In the long run, it will have leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431549495 2021-04-19 05:29:57 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431549495 In 2019, a computer store has increased its warehouse stock by 50 newly produced computers. It sold all of the 50 computers in 2020. Which of the following is true? leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431550144 2021-04-19 05:30:10 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431550144 Which of the following statements is true? leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431551698 If we know the base year is 2000, and if we know the value of the consumer price index for the year 2015, then we have all the information we need to calculate the percentage change in the cost of living between 2000 and 2015. ]]> 2021-04-19 05:30:41 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431551698 Which of the following public policies would be least likely to result in more rapid economic growth for a poor or developing country? leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431554832 2021-04-19 05:31:38 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431554832 Vlad purchased an iPhone for $800 in 2019. Vlad’s roommate, Domingo, purchased the next model of the iPhone for $800 in 2020. When considering the calculation of the CPI, which problem in the calculation is this situation most relevant? leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431555058 2021-04-19 05:31:44 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431555058 When we discuss the idea behind catch-up effect, we point out that leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431555321 2021-04-19 05:31:51 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431555321 In thirty years, a country’s nominal GDP expanded to three times its original size. In contrast, its population grew by forty percent and prices doubled during this period. What happened to the real GDP per person? leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431555632 2021-04-19 05:32:00 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431555632 Suppose the market for loanable funds is in equilibrium. What would happen in the market for loanable funds, other things the same, if the Congress and President decreased the maximum contribution limits to 401(k) and 403(b) tax-deferred retirement accounts? leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431555963 2021-04-19 05:32:08 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431555963 Vicky is a physical therapist. Consider the following options. Which are included in her human capital? leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431556189 2021-04-19 05:32:15 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431556189 When the consumer price index rises, the typical family leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431556454 2021-04-19 05:32:21 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431556454 We include the following when calculating consumption except for leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431556677 2021-04-19 05:32:27 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431556677 A form of government spending that is not made in exchange for a currently produced good or service is known as leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431556986 2021-04-19 05:32:35 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431556986 Take the data about a country’s economy. The nominal GDP was $200 billion in 2019 and $150 billion in 2018. It also indicated that the GDP deflator is 250 in 2019 and 240 in 2018. Between 2018 and 2019, leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431557283 2021-04-19 05:32:42 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431557283 When defining productivity, we indicate that it is the amount of goods and services leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431557591 2021-04-19 05:32:50 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431557591 Consider the situation in which Canada buys an electrical generator made in China by a Chinese company. If the Chinese company uses the payment to buy stocks issued by Canadian firms, then leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431557996 2021-04-19 05:32:59 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431557996 The Rus country only produces milk and copper. The quantities and prices of these goods for several years are in the table below. The base year is 2020. leamulanc https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431558281 2021-04-19 05:33:06 UTC https://padlet.com/leamulanc/6cm95f1894cjbte1/wish/1431558281