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Economics help please? :(?

Unemployment Insurance and Employment Discussion

Economics help please? :(?

Postby jud73 » Tue Apr 09, 2013 2:43 pm

1. If the Real GDP of Duoland grew by 3 percent last year, and the population of Duoland grew by 1 percent, the standard of living in Duoland:
a. improved.
b. worsened.
c. remained the same.
d. cannot be determined from the information provided.
2. Which of the following is an example of an automatic stabilizer?
a. Medicare
b. transportation funding
c. Social Security
d. unemployment insurance
3. A growing economy is important in order to:
a. compute real GDP.
b. reduce taxes.
c. ensure that everyone's standard of living is equal.
d. meet citizens' expectations for more goods and services per capita.
4. Per capita GDP:
a. measures the standard of living in a country.
b. is the GDP of a country divided by that country's population.
c. both a and b
d. none of the above
5. Automatic stabilizers are:
a. provisions by the Federal Reserve that change the money supply.
b. provisions by the Federal Reserve that change government spending or taxation.
c. provisions in a government's budget that cause government spending to rise (fall) or taxes to fall (rise) automatically—without legislation—when GDP falls (rises).
d. provisions in the government's budget that cause government spending to rise (fall) or taxes to fall (rise) and that occur as a result of legislation.
jud73
 
Posts: 542
Joined: Thu Mar 31, 2011 1:28 am

Economics help please? :(?

Postby placido » Tue Apr 09, 2013 2:44 pm

1. If the Real GDP of Duoland grew by 3 percent last year, and the population of Duoland grew by 1 percent, the standard of living in Duoland:
a. improved.
b. worsened.
c. remained the same.
d. cannot be determined from the information provided.
2. Which of the following is an example of an automatic stabilizer?
a. Medicare
b. transportation funding
c. Social Security
d. unemployment insurance
3. A growing economy is important in order to:
a. compute real GDP.
b. reduce taxes.
c. ensure that everyone's standard of living is equal.
d. meet citizens' expectations for more goods and services per capita.
4. Per capita GDP:
a. measures the standard of living in a country.
b. is the GDP of a country divided by that country's population.
c. both a and b
d. none of the above
5. Automatic stabilizers are:
a. provisions by the Federal Reserve that change the money supply.
b. provisions by the Federal Reserve that change government spending or taxation.
c. provisions in a government's budget that cause government spending to rise (fall) or taxes to fall (rise) automatically—without legislation—when GDP falls (rises).
d. provisions in the government's budget that cause government spending to rise (fall) or taxes to fall (rise) and that occur as a result of legislation.
1. a, improve 2%.
2. b, G spending,not transfer payment.
3. d.
4. a
5.d.
placido
 
Posts: 143
Joined: Mon Feb 11, 2013 11:23 am


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