Test 1 in-class-review

Test 1 in-class-review - X100 Test 1: Review The USA is an...

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X100 Test 1: Review The USA is an example of a pure capitalistic economic system The economic system is the way a country allocates it’s resources to convert them into consumer goods True Government spending is the engine of the economy False – consumer spending Macroeconomics deals with the big picture of a large economic system True GDP is the value of goods produced by companies who are based in the country and whose goods are produced anywhere False – all goods produced within the borders of a country The GDP adjusted for inflation is called the Real GDP True Toyota is the most productive car company in the US False – Nissan, Toyota is 3rd A recession is a downward turn in an economic cycle. True Prices are higher when demand is greater than supply. True When stocks are increasing at a robust pace over an extended period of time, this is called a bull market . True When you multiply the value per share times the number of share outstanding, the market capitalization of a company is determined
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This note was uploaded on 04/06/2008 for the course BUS X100 taught by Professor Moe during the Fall '07 term at Indiana.

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Test 1 in-class-review - X100 Test 1: Review The USA is an...

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