Course Hero Logo
Upload to Study
Expert Help

Macroeconomics Milestone I.docx - Which of the following...

Doc Preview
Pages 9
Identified Q&As 90
Solutions available
Total views 100+
Which of the following statements describes macroeconomics?
View full document
Macroeconomics would include the study of __________.
View full document
Microeconomics involves decisions made by __________.
View full document
Macroeconomists look at __________ to study the overall health of the economy.
View full document
Studying macroeconomics helps us learn about the value and limitations of __________, which occurs across nations, typically involving foreign exchange transactions.
View full document
Which of the following topics can macroeconomics help a person understand?
View full document
In the Circular Flow diagram, households __________.
View full document
In the Circular Flow model, governments __________
View full document
In the Circular Flow model, what do firms purchase?
View full document
Which statement below is NOT true about GDP?
View full document
Which statement below IS true about GDP?
View full document
There are different ways to calculate GDP. It is one of the most common measures of the health of the macroeconomy. GDP per capita is often used to measure the ______.
View full document
GDP is best described as __________.
View full document
In 2009, the yearly tuition at a state university is $20,000. In 2017, the yearly tuition at the same state university is $31,000. Using the price of tuition for reference, the inflation rate of the U.S. dollar increased by a factor of __________ in eight years.
View full document
In 2010, the average cost of a house in France is 126,000 euros. In 2018, the average cost is 154,000 euros. Using the price of the average house for reference, the inflation rate of the Euro increased by a factor of __________ in eight years.
View full document
In January 2008, a bag of rice cost five million Zimbabwean dollars. Several months later, the same bag of rice cost 250 million Zimbabwean dollars. Using the price of rice for reference, the inflation rate of the Zimbabwean dollar increased by a factor of __________ in just a few months.
View full document
The business cycle period in which the economy shows growth is the __________.
Course Hero Badge

Want to read all 9 pages?

Previewing 3 of 9 pages Upload your study docs or become a member.
Course Hero Badge

Want to read all 9 pages?

Previewing 3 of 9 pages Upload your study docs or become a member.
Course Hero Badge

End of preview

Want to read all 9 pages? Upload your study docs or become a member.