Midterm 2 Review.pdf - Exam 2 Review MULTIPLE CHOICE Choose the one alternative that best completes the statement or answers the question 1 If real GDP

Midterm 2 Review.pdf - Exam 2 Review MULTIPLE CHOICE Choose...

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Exam 2 Review MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) If real GDP per capita in Ireland is estimated to be $7,400 in 2018, what will real GDP per capita bein 2023 if real GDP per capita grows at an annual rate of 2.8%? A) $7,607B) $8,496C) $9,472D) $20,720 1) Figure 11 - 1 2) Refer to Figure 11 - 1. Diminishing marginal returns is illustrated in the per - worker production function in the figure above by a movement A) from Production function 1 to Production function 2. B) from Production function 2 to Production function 1. C) from Production function 1 to Production function 3. D) up along any of the production functions. 2) 3) If the Federal Reserve decided to include virtual money like Bitcoins in its measure of the moneysupply, what would be the effect on M1 or M2?
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  • Spring '08
  • JohnHodgson

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