In the United Kingdom accountability and transparency for its central bank is achieved by setting:
A. a numerical target for economic growth.
B. numerical targets for economic growth and the exchange rate.
C. an explicit numerical target for inflation.
D. a numerical target for unemployment each year.
Answer: C
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The portion of a government's indebtedness owed to foreigners is
A. external debt. B. internal debt. C. not recoverable. D. net debt.
The World Trade Organization (WTO) promotes foreign trade and investment, or globalization. In recent years opposition to globalization has led to violent protests at meetings of the WTO
All of the following are reasons for these anti-globalization protests except A) protesters believe that free trade destroys the distinctive cultures of many countries. B) protestors believe the WTO favors the interests of high-income countries at the expense of lower-income countries. C) protesters object to the loss of intellectual property (such as software programs and movies) that results from foreign trade and investment. D) protesters believe that tariffs are needed to protect domestic firms from foreign competition.
If real GDP in a particular year is $80 billion and nominal GDP is $240 billion, the GDP price index for that year is:
a) 100. b) 200. c) 240. d) 300.
Use the following figures to answer the next question.
Assuming a constant price level, an increase in aggregate expenditures from AE1 to AE2 would ________.
A. decrease aggregate demand from AD2 to AD1 B. move the economy from C to A along AD1 C. increase aggregate demand from AD1 to AD2 D. move the economy from A to C along AD1