ECON252 Interim Exam #1 10-03-2013 - PINK

Becountedasconsumptioninusgdp b

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Unformatted text preview: e borrower is ________ off than expected, and PFCU is ________ off than expected. A. higher; worse; better B. lower; worse; better C. higher; better; worse D. lower; better; worse (Use the following table to answer questions 28–30.) The country of Boilerland produces only Boilers and Hammers. Quantities and prices of these goods for the last several years are shown below. The base year is 2009. Boilers Hammers Year Price Quantity Price Quantity 2009 $4.00 90 $1.00 150 2010 $4.50 95 $2.00 180 2011 $5.00 120 $2.50 200 2012 $6.00 150 $3.50 200 28. In 2012, real GDP was ________ . A. $1,100 B. $800 C. $680 D. $1,600 E. $510 29. In 2010, nominal GDP was A. less than real GDP, and the GDP deflator was less than 100. B. equal to real GDP, and the GDP deflator was equal to 100. C. greater than real GDP, and the GDP deflator was greater than 100. D. equal to real GDP, and the GDP deflator was equal to 1. 30. From 2009 to 2010 Boilerland experienced ________ inflation. A. 112% B. 75% C. 141% D...
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This test prep was uploaded on 02/19/2014 for the course ECON 252 taught by Professor Robertholand during the Fall '08 term at Purdue University-West Lafayette.

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