Macro Milestone 4.docx - 1 When is GDP roughly the same as...

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1 When is GDP roughly the same as GNP? For countries with a large amount of foreign direct investment and return of profits to country of origin For countries that rely on production owned by nationals located overseas that is not offset by foreign investment For countries that have a higher growth trajectory than others For countries where nationals’ offshore production is countered by domestic production by foreigners CONCEPT International Comparisons 2 Which of the following describes one of the unexpected benefits of China's economic policies? The GDP of the United States increased, and the GDP of China decreased. The standard of living in the United States increased. The Chinese central bank printed extra currency to exchange with the United States. U.S. exports to China increased. CONCEPT International Trade and Aggregate Demand 3 An increase in which of the following will cause a rightward shift of AD?
Float Peg Imports Exports CONCEPT International Trade and Aggregate Demand 4 Which of the following are we NOT able to tell about a country's economic health by looking at labor force participation rates by gender? Measure of income inequality Standard of living Level of gender equality Access and availability of jobs CONCEPT Labor Force Participation Rates by Gender 5 The record of all monetary transactions that flow across a country's borders is known as which of the following? Capital account Balance of payment Current account
National income accounting CONCEPT Role of International Trade 6 Which statement below is true of ONLY fiscal policy? Used to alter AD A policy typically set by a banking authority Increases the availability of money Uses government expenditures to create demand CONCEPT Monetary and Fiscal Policy 7

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