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KAPLAN MT445 UNIT 8 QUIZ LATEST 2016 FEBRUARY

Question # 00234460
Subject: Economics
Due on: 05/02/2016
Posted On: 04/02/2016 12:02 AM

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1. Question : A lumberjack loses his job because timber cutting restrictions are imposed by the EPA to protect the spotted owl habitat. This lumberjack would be

frictionally unemployed.

cyclically unemployed.

structurally unemployed.

seasonally unemployed.

Question 2. Question : The labor force equals the number of people

employed.

unemployed.

employed plus unemployed.

in the working-age population.

Question 3. Question : Suppose that at the beginning of a loan contract, the real interest rate is 4% and expected inflation is currently 6%. If actual inflation turns out to be 7% over the loan contract period, then

borrowers gain 1%.

lenders gain 1%.

borrowers lose 3%.

lenders gain 3%.

Question 4. Question : Productivity gains in the United States since 1995 have been ________ productivity gains in other leading industrial nations.

the same as

lower than

higher than

more variable than

Question 5. Question : In the United States, the annual growth rate of real GDP per hour worked between 1995 and 2006 averaged

2.3%.

6.9%.

-0.3%.

10.2%.

Question 6. Question : If real GDP in the United States is growing at an annual rate of 3.2% per capita and Bolivia's real GDP per capita is growing at a rate of 1.3%, which of the following would we expect in the long run? Assume real GDP per capita in the United States begins at a level above that of real GDP per capita in Bolivia.

Real GDP per capita in the United States will always be 1.9% higher than real GDP per capital in Bolivia.

The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will shrink over time.

The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will increase over time.

The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will always be $1.9 trillion.

Question 7. Question : If the consumption function is defined as C = 5,500 + .9Y, what is the autonomous level of consumption expenditure?

$5,500

$4,950

$6,111

$6,050

Question 8. Question : The difference between GDP and disposable income is

national income.

actual investment spending.

net taxes.

unplanned investment spending.

Question 9. Question : Investment spending ________ during a recession, and ________ during an expansion.

declines; increases

increases; declines

increases; increases

declines; declines

Question 10. Question : Which of the following leads to a decrease real GDP?

an increase in government spending

an increase in the inflation rate in other countries, relative to the inflation in the U.S.

an increase in interest rates

households have increasingly optimistic expectations about future income

Tags 0 february latest quiz mt445 unit kaplan question real capita states united unemployed rate bolivia spending declines level gdpper difference increases inflation investment gain income increase loan productivity lenders time actual borrowers gains growing 0 lumberjack following

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Tutorial Preview …and xxxxxxxxx real xxx per capita xx growing at x rate xx x 3%, xxxxx of the xxxxxxxxx would we xxxxxx in xxx xxxx run? xxxxxx real GDP xxx capita in xxx United xxxxxx xxxxxx at x level above xxxx of real xxx per xxxxxx xx Bolivia xxxxxxx Answer: Real xxx per capita xx the xxxxxx xxxxxx will xxxxxx be 1 xx higher than xxxx GDP xxx xxxxxxx in xxxxxxx The difference xxxxxxx the level xx real xxx xxx capita xx the United xxxxxx and real xxx per xxxxxx xx Bolivia xxxx shrink over xxxx The difference…
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Preview: inflation xx currently xx If actual xxxxxxxxx turns out xx be xx xxxx the xxxx contract period, xxxxxxxxxxxxxxx Answer: borrowers gain xx   lenders xxxx xx   borrowers xxxx 3%   lenders xxxx 3%  Comments:Question 4 xxxxxxxx :Productivity xxxxx xx the xxxxxx States since xxxx have been xxxxxxxx productivity xxxxx xx other xxxxxxx industrial nations xxxxxxxxxxx Answer: the same xxxxxxxxxxxxxxx than  higher xxxxxxxxxxxxxxxx xxxxxxxx than Comments:Question 5 xxxxxxxx :In the xxxxxx States, the xxxxxx growth xxxx xx real xxx per hour xxxxxx between 1995 xxx 2006 xxxxxxxxxxxxxxxxxxx xxxxxxxxxxxx 3% xxxxxxxxx 9%   -0 xx   10 2% xxxxxxxxxxxxxxxxxxxxxxxxxx Question xxx xxxx GDP xx.....
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