Multiple Choice Examples.docx

Multiple Choice Examples.docx - Sample Questions 1 The...

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Sample Questions 1) The highest component of GNP is A) Investment B) government purchases C) consumption D) trade E) the current account 2) Which one of the following statements is the MOST correct? 3) Government transfer payments like social security and unemployment benefits are 4) In a closed economy, private saving is equal to 5) The official settlements balance or balance of payments is the sum of A) The current account balance and the interest in all investments. B) The current account balance and the non-reserve portion of the financial account balance. C) The current account balance, the capital account balance, the non-reserve portion of the financial account balance, the statistical discrepancy. D) The current account balance, the capital account balance, the non-reserve portion of the financial account balance. E) The current account balance and the capital account balance. 6) The earnings of a Spanish factory with British owners are 7) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange rate is 1.5 dollars per British pound? 8) A(n) _________ of a nation’s currency will cause imports to ___________ and exports to _______, all other things held constant.
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Christopher Reinemann
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