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ECO - Macroeconomics assignment

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Question;Question 1 (3 points)For the next 6 questions use the following information: Revenues ExpendituresYear 1 $100 billion $100 billionYear 2 $100 billion $250 billionYear 3 $100 billion $150 billionYear 4 $100 billion $150 billionYear 5 $200 billion $150 billionAt the completion of year 1, which is true?Question 1 options: The budget has a surplus of $100 billion The national debt is $100 billion The budget has a deficit of $100 billion There is a balanced budgetSaveQuestion 2 (3 points)Using the following budget Revenues ExpendituresYear 1 $100 billion $100 billionYear 2 $100 billion $250 billionYear 3 $100 billion $150 billionYear 4 $100 billion $150 billionYear 5 $200 billion $150 billionAt the completion of year 2, which is true?Question 2 options: The budget has a surplus of $350 billion The national debt is $250 billion The budget has a deficit of $150 billion There is a balanced budgetSaveQuestion 3 (3 points)Using the following budget Revenues ExpendituresYear 1 $100 billion $100 billionYear 2 $100 billion $250 billionYear 3 $100 billion $150 billionYear 4 $100 billion $150 billionYear 5 $200 billion $150 billionAt the completion of year 3, which is true?Question 3 options: the government has experienced deficit growth the government experienced zero deficit growth the government has experienced deficit reduction the national debt did not growSaveQuestion 4 (3 points)Using the following budget Revenues ExpendituresYear 1 $100 billion $100 billionYear 2 $100 billion $250 billionYear 3 $100 billion $150 billionYear 4 $100 billion $150 billionYear 5 $200 billion $150 billionAt the completion of year 4, which is true?Question 4 options: the government's deficit increased by $50 billion the government experienced zero deficit growth the government's deficit increased has by $150 billion the government's debt increased by $50 billion two of the above are correctSaveQuestion 5 (3 points)Using the following budget Revenues ExpendituresYear 1 $100 billion $100 billionYear 2 $100 billion $250 billionYear 3 $100 billion $150 billionYear 4 $100 billion $150 billionYear 5 $200 billion $150 billionAt the completion of year 5, which is true?Question 5 options: the deficit increased by $150 billion the government has a $50 billion budget surplus the deficit decreased by $150 billion the government's debt increased by $450 billionSaveQuestion 6 (3 points)Using the following budget Revenues ExpendituresYear 1 $100 billion $100 billionYear 2 $100 billion $250 billionYear 3 $100 billion $150 billionYear 4 $100 billion $150 billionYear 5 $200 billion $150 billionAt the completion of year 5, which is true?Question 6 options: the national debt is at $50 billion the national debt is at $100 billion the national debt is at $150 billion the national debt is at $200 billionSaveQuestion 7 (3 points)If banks do not make all of their XSR available:Question 7 options: then, the money multiplier gets larger then, the growth of MS slows down then, the growth of MS speeds up there is no effect on the growth of MS both a & c are correctSaveQuestion 8 (3 points)If the FED sets a Z of 10% and TR = $200,000 what would XSR equal:Question 8 options: $20,000 $180,000 $800,000 $1,800,000SaveQuestion 9 (3 points)If the FED sets a Z of 10% and TR = $200,000 what are the required reserves:Question 9 options: $20,000 $180,000 $800,000 $1,800,000SaveQuestion 10 (3 points)If the FED sets a Z of 10% and TR = $200,000 what is the total growth of MS:Question 10 options: $20,000 $180,000 $800,000 $1,800,000SaveQuestion 11 (3 points)If the FED sets a Z of 10% and a bank's TR = $200,000 what are the required reserves if a bank uses a 20% capital account?Question 11 options: $20,000 $40,000 $36,000 $144,000SaveQuestion 12 (3 points)If the FED sets a Z of 10% and a bank's TR = $200,000 what are excess reserves if a bank uses a 20% capital account?Question 12 options: $20,000 $40,000 $180,000 $1,400,000SaveQuestion 13 (3 points)If the FED sets a Z of 10% and a bank's TR = $200,000 what is the total growth of MS if a bank uses a 50% capital account?Question 13 options: $20,000 $90,000 $900,000 $9,000,000SaveQuestion 14 (3 points)Which occurred during Clinton's presidency?Question 14 options: the government ran a trillion dollar deficit the government ran a balance budget the government ran a surplus budget universal public health care was enactedSaveQuestion 15 (3 points)Pollution has a _____ externality associated with it, so the government should ______ the industryQuestion 15 options: positive, tax negative, tax positive, subsidize negative, subsidizeSaveQuestion 16 (3 points)An example of fiat money is:Question 16 options: The United States Dollar Italian Goldsmith certificates gold coins silver coinsSaveQuestion 17 (3 points)Use the following to answer questions 17 - 20:Governmental Spending = $7,000,000Consumption = $15,000,000Imports = $5,000,000Investments = $5,000,000 Taxes = $6,000,000Exports = $8,000,000Savings = $9,000, 000What is the situation in the area of trade?Question 17 options: A trade-surplus of $11,000,000 A trade-deficit of $11,000,000 A trade-surplus of $3,000,000 A trade-deficit of $3,000,000 A trade-balance existsSaveQuestion 18 (3 points)Use the following to answer questions 17 - 20:Governmental Spending = $7,000,000Consumption = $15,000,000Imports = $5,000,000Investments = $5,000,000 Taxes = $6,000,000Exports = $8,000,000Savings = $9,000, 000If Fila, an Italian shoe manufacturer, opens a plant in Statesboro, GA generating $9,000,000 in new investment, what is the USA "GNP"?Question 18 options: $30,000,000 $31,000,000 $39,000,000 $40,000,000SaveQuestion 19 (3 points)Use the following to answer questions 17 - 20:Governmental Spending = $7,000,000Consumption = $15,000,000Imports = $5,000,000Investments = $5,000,000 Taxes = $6,000,000Exports = $8,000,000Savings = $9,000, 000If Fila, opens a plant in Statesboro, GA generating $9,000,000 in new investment, what is the USA "GDP"?Question 19 options: $30,000,000 $31,000,000 $39,000,000 $40,000,000SaveQuestion 20 (3 points)Use the following to answer questions 17 - 20:Governmental Spending = $7,000,000Consumption = $15,000,000Imports = $5,000,000Investments = $5,000,000 Taxes = $6,000,000Exports = $8,000,000Savings = $9,000, 000Which of the following are true statements?Question 20 options: Leakages = 20 million & Injections = 12 million Leakages = 12 million & Injections = 20 million Leakages = 12 million & Injections = 35 million Leakages = 20 million & Injections = 20 millionSaveQuestion 21 (3 points)The inflationary expectation of the 1960's was initially caused by:Question 21 options: OPEC oil prices the Kennedy tax cut Nixon taking the USA off the gold standard the Nixon tax increase Eisenhower's crowding out effectSaveQuestion 22 (3 points)To measure true economic growth one should:Question 22 options: focus on nominal GDP focus on real GDP focus on real wages focus on nominal wagesSaveQuestion 23 (3 points)1,000,000 seasonally displaced workers 2,000,000 technology-displaced workers 5,000,000 stay at home parents5,000,000 new college graduates seeking a taxable income12,000,000 people earning a taxable incomeBased on the above information how many people are frictionally unemployed?Question 23 options: 1,000,000 2,000,000 5,000,000 12,000,000SaveQuestion 24 (3 points)1,000,000 seasonally displaced workers 2,000,000 technology-displaced workers 5,000,000 stay at home parents5,000,000 new college graduates seeking a taxable income12,000,000 people earning a taxable incomeBased on the above information how many people are structurally unemployed?Question 24 options: 1,000,000 2,000,000 5,000,000 12,000,000SaveQuestion 25 (3 points)1,000,000 seasonally displaced workers 2,000,000 technology-displaced workers 5,000,000 stay at home parents5,000,000 new college graduates seeking a taxable income12,000,000 people earning a taxable incomeBased on the above information how many people are cyclically unemployed?Question 25 options: 1,000,000 2,000,000 5,000,000 12,000,000SaveQuestion 26 (3 points)1,000,000 seasonally displaced workers 2,000,000 technology-displaced workers 5,000,000 stay at home parents5,000,000 new college graduates seeking a taxable income12,000,000 people earning a taxable incomeBased on the above information how many people are not in the labor force?Question 26 options: 1,000,000 2,000,000 5,000,000 12,000,000SaveQuestion 27 (3 points)1,000,000 seasonally displaced workers 2,000,000 technology-displaced workers 5,000,000 stay at home parents5,000,000 new college graduates seeking a taxable income12,000,000 people earning a taxable incomeBased on the above information what is the unemployment rate?Question 27 options: 35% 40% 65% 67% 80%SaveQuestion 28 (3 points)1,000,000 seasonally displaced workers 2,000,000 technology-displaced workers 5,000,000 stay at home parents5,000,000 new college graduates seeking a taxable income12,000,000 people earning a taxable incomeBased on the above information what is the natural rate of unemployment?Question 28 options: 35% 40% 65% 67% 80%SaveQuestion 29 (3 points)JFK's solution to lower unemployment includedQuestion 29 options: Increasing the MS Decreasing taxes Decreasing interest rates Increasing taxesSaveQuestion 30 (3 points)Based on the information Iberia Sri LankaShoes 100 150Socks 50 300 Sri Lanka has an absolute advantage in:Question 30 options: Socks. Shoes. both Socks and Shoes. neither Socks nor Shoes None of the aboveSaveQuestion 31 (3 points) Iberia Sri LankaShoes 100 150Socks 50 300 The opportunity cost of Iberian shoes is:Question 31 options: 2 Socks. 3 Socks 6 Socks. 1/2 Sock 1/3 SockSaveQuestion 32 (3 points) Iberia Sri LankaShoes 100 150Socks 50 300 Iberia has a comparative advantage in:Question 32 options: Socks. Shoes. both Socks and Shoes. neither Socks nor Shoes None of the aboveSaveQuestion 33 (3 points)What do you call a loan a bank makes to another commercial bank?Question 33 options: a discount a loan a FED-fund an interestSaveQuestion 34 (3 points)What do you call a loan the FED makes to a commercial bank?Question 34 options: a discount a loan a FED-fund an interestSaveQuestion 35 (3 points)Use the following Market Research for questions 35 - 38QD = 3000 - 500P and QS = 400 + 800PWhat is the market equilibrium price?Question 35 options: $2.00 $1.00 50 cents 20 centsSaveQuestion 36 (3 points)Use the following Market Research for questions 35 - 38QD = 3000 - 500P and QS = 400 + 800PWhat is the equilibrium quantity?Question 36 options: 1540 units 2000 units 2200 units 2300 unitsSaveQuestion 37 (3 points)Use the following Market Research for questions 35 - 38QD = 3000 - 500P and QS = 400 + 800PWhat is correct at a price of $0.50 (50 cents):Question 37 options: Qs = 2750 units Qd is 1950 units less than Qs Qs is 1950 units greater than Qd a shortage of 1950 units exists two of the above are correctSaveQuestion 38 (3 points)Use the following Market Research for questions 35 - 38QD = 3000 - 500P and QS = 400 + 800PWhat is correct at a price of $3.50:Question 38 options: Qs = 1250 units Qd is 1950 units greater than Qs Qs is 1950 units less than Qd a surplus of 1950 units exists two of the above are correctSaveQuestion 39 (3 points)If an inflationary period started, what should the FED do?Question 39 options: increase the discount rate decrease the "Z" buy governmental securities increase governmental spending

 

Paper#57288 | Written in 18-Jul-2015

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