Which of the following statements is true?
A) The growth rate of South Korea has been less than the growth rate of the United States over the last 40 years.
B) The United States and the United Kingdom have recorded a growth rate of over 10% per annum in the last 40 years.
C) The gap between the GDP per capita of the United States and Singapore has increased over the last 40 years.
D) The gap between the GDP per capita of the United States and China has decreased over the last 40 years.
D
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Which of the following would cause the current account to decrease?
A) an increase in the nominal exchange rate, E B) an appreciation of the home currency C) an increase in disposable income D) an increase in foreign prices, P E) a decrease in domestic prices, P
Suppose there are two economies that are identical in every way with the following exception. Economy A has an unemployment compensation system while economy B does NOT have an unemployment compensation system
Now suppose both economies experience the same drop in planned investment. Which of the following is correct? A) Real GDP will fall more in economy A than in economy B. B) Real GDP will fall more in economy B than in economy A. C) Real GDP will fall the same in both economies. D) The effect on the relative size of the reduction in real GDP in the two economies is ambiguous.
The size of the effect of a given deposit of cash into a demand deposit account on the money supply is smaller:
a. the greater the fraction of money people want to hold as currency and the greater the fraction of deposits banks want to hold as excess reserves. b. the greater the fraction of money people want to hold as currency and the smaller the fraction of deposits banks want to hold as excess reserves. c. the smaller the fraction of money people want to hold as currency and the greater the fraction of deposits banks want to hold as excess reserves. d. the smaller the fraction of money people want to hold as currency and the smaller the fraction of deposits banks want to hold as excess reserves.
The net worth of a bank is
a. equal to the value of assets. b. equal to the value of deposits. c. equal to the value of liabilities. d. the value of assets less liabilities. e. the value of loans and securities.