If the GDP of Macroland is $250,000,000 and they have a population of 5,000 people, then the GDP per capita is:
A. $1,250,000.
B. $50,000.
C. $5,000.
D. quite high.
Answer: B
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All of the following accurately describe microlending EXCEPT:
A) it involves small loans B) lending is primarily undertaken by the government C) the borrowers are people who are attempting to start or expand a small business D) many economists think it has aided economic growth in many low-income countries
The Bureau of Economic Analysis calculates the PCE deflator ________
A) every month B) every two months C) every three months D) every year E) twice each month
In the Mundell-Fleming model, the exogenous variables are
a. government spending, taxes, and income. b. the exchange rate and the price level. c. the price level, the world interest rate, monetary policy, and fiscal policy. d. the world interest rate, the price level, and the exchange rate. e. none of the above.
Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009, approximately ________ took the form of tax cuts and ________ took the form of increases in government expenditures
A) one-half; one-half B) three-fourths; one-fourth C) one-tenth; nine-tenths D) one-third; two-thirds