Quiz #2-11 - Quiz #2 Name: Date: 1. The three statistics...

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Quiz #2 Name: Date: 1. The three statistics that are the main focus for those measuring the health of the macroeconomy are: A. real GDP, inflation, and unemployment. G B. real GDP, nominal GDP, and inflation. r C. nominal GDP, unemployment, and inflation. a D. nominal GDP, nominal GDP, and inflation. 2. Which of the following is an intermediate good? A. the purchase of gasoline for a ski trip to Colorado. t B. the purchase of baseball uniforms by a professional baseball team. C. the purchase of a pizza by a college student. t D. the purchase of jogging shoes by a professor 3. For a nation's real GDP per capita to rise during a year: A. consumption spending must increase. c B. real GDP must increase more rapidly than population. m C. population must increase more rapidly than real GDP. p D. investment spending must increase. 4. Why are high rates of unemployment of concern to economists? A. Higher rates of unemployment are linked to higher crime rates and other social problems. t
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Quiz #2-11 - Quiz #2 Name: Date: 1. The three statistics...

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