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EXAM QUESTIONS - then back to house holds and GDP meas ures...

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then  back  to  house holds,  and  GDP  meas ures  this  flow  of  mone y. C . GDP  meas ures  two  things  at  once:  the  total  incom e of  every one in  the  econo my  and  the  unem ploym ent  rate. D . GDP  is to a  nation ’s  econo my as  house hold 
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22) The political business cycle refers to __________. 
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A . the  potent ial for  centra l bank  to  increa se the  mone suppl y and  theref ore  real  GDP  to  help  the  incum bent  get  re- electe d B . chang es in  output  create d by  the  monet ary  rule  the  Fed  must  follow C .
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23) The open-economy macroeconomic model examines the determination of __________. 
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A . unem ploym ent  and  the  excha nge  rate B . the  trade  balan ce  and  the  excha nge  rate C . the  output  growt h rate  and  the  real  intere st rate D . the  output  growt h rate  and  the 
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24) The model of short-run economic fluctuations focuses on the price level and __________.  A . econo mic  growt h B . Net  GDP C . real  GDP D . the  neutr ality  of  mone y 25) Which of the following statements about GDP is correct? 
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A . Nomi nal  GDP  value produ ction  at  const ant  prices where as  real  GDP  value produ ction  at  curre nt  prices . B . Nomi nal  GDP  consi stentl under estim ates  the  value  of  produ ction,  where as  real  GDP  consi stentl
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26) Real GDP __________. 
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A . evalu ates  curre nt  produ ction  at the  prices  that  prevai led in  some  specif ic  year  in the  past. B . is a  meas ure of  the  value  of  goods  only;  it  exclu des  the  value  of  servic es. C . evalu ates  curre nt  produ ction 
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27) The balance of payment account is made up of: 
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A . an  import  accou nt and  an  export  accou nt. B . monet ary  accou nt and  fiscal  accou nt. C . curre nt  accou nt and  financ ial  and  capita accou nt. D . an  invest
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at  low- cost  strate gies
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. Autoc orrela tion. C . Positi ve  slope  (due  to city  size). D . High  R2  (due  to city  size). 47) Thirty patients are selected from a filing cabinet containing 812 patient folders by choosing every 27th patient folder.  Which sampling method is this?  A . Clust er 
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48) Suppose that the optimal values of the decision variables to a two-variable linear programming problem remain the  same as long as the slope of the objective function lies between the slopes of the following two constraints:     2 X 1 + 3 X 26     2 X 1 + 2 X 20  The current objective function is:     8 X 1 + 9 X 2 =  Z   Which of the following statements about the range of optimality on  c 1 is TRUE? 
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A .
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