(Table: Per Capita GDP) Use Table: Per Capita GDP. The growth rate of nominal GDP from 2016 to 2019 was _____. \[\begin{array} { | l | l | l | l | } \hline \text { Year } & \text { Nominal GDP } & \text { Price Level } & \text { Population } \\ \hline \mathbf { 2 0 1 6 } & \$ 3,000 & 100 & 5 \\ \hline \mathbf { 2 0 1 9 } & 8,000 & 200 & 10 \\ \hline \end{array}\]

A) 37.5% B) 37.5%. C) 60% D) 60%. E) 62.5% F)62.5%. G)166.7% H)166.7%. A) 37.5% B) 37.5%. C) 60% D) 60%. E) 62.5% F)62.5%. G)166.7% H)166.7%.

(Table: Pizza Economy III) Use Table: Pizza Economy III. Considering 2018 as the base year, nominal GDP in 2019 was: \[\begin{array} { | l | l | l | l | l | } \hline & \begin{array} { l } \text { 2018 Units of } \\ \text { Output } \end{array} & \begin{array} { l } \text { 2018 Price per } \\ \text { Unit } \end{array} & \begin{array} { l } \text { 2019 Units of } \\ \text { Output } \end{array} & \begin{array} { l } \text { 2019 Price } \\ \text { per Unit } \end{array} \\ \hline \text { Gino's Pizza } & 4,000 & \$ 10 & 4,000 & \$ 8 \\ \hline \text { Bee's Spaghetti } & 3,000 & \$ 9 & 1,000 & \$ 6 \\ \hline \text { Claudia's Cookies } & 2,000 & \$ 6 & 1,000 & \$ 1 \\ \hline \text { Andre's Salad } & 5,000 & \$ 7 & 2,000 & \$ 4 \\ \hline \end{array}\]

A) $47,000 B) $47,000. C) $69,000 D) $69,000. E) $72,000 F)$72,000. G)$114,000 H)$114,000. A) $47,000 B) $47,000. C) $69,000 D) $69,000. E) $72,000 F)$72,000. G)$114,000 H)$114,000.

Exam 21: Sizing up the Economy Using Gdp

(Table: Per Capita GDP) Use Table: Per Capita GDP. The growth rate of nominal GDP from 2016 to 2019 was _____. Year Nominal GDP Price Level Population \ 3,000 100 5 8,000 200 10

(Multiple Choice)

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Question 201

Which of the scenarios below represents a microeconomic decision?

(Multiple Choice)

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Question 202

(Table: Pizza Economy III) Use Table: Pizza Economy III. Considering 2018 as the base year, nominal GDP in 2019 was: 2018 Units of Output 2018 Price per Unit 2019 Units of Output 2019 Price per Unit Gino's Pizza 4,000 \ 10 4,000 \ 8 Bee's Spaghetti 3,000 \ 9 1,000 \ 6 Claudia's Cookies 2,000 \ 6 1,000 \ 1 Andre's Salad 5,000 \ 7 2,000 \ 4

(Multiple Choice)

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Question 203

Which transaction would NOT be counted in GDP?

(Multiple Choice)

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Question 204

Showing 201 - 204 of 204

(Table: Per Capita GDP) Use Table: Per Capita GDP. The growth rate of nominal GDP from 2016 to 2019 was _____. Year Nominal GDP Price Level Population \ 3,000 100 5 8,000 200 10

Which of the scenarios below represents a microeconomic decision?

Which transaction would NOT be counted in GDP?

The Core Principles of Economics

Demand: Thinking Like a Buyer

Supply: Thinking Like a Seller

Equilibrium: Where Supply Meets Demand

Elasticity: Measuring Responsiveness

When Governments Intervene in Markets

Welfare and Efficiency

Gains From Trade

International Trade

Externalities and Public Goods

Labor Demand and Supply

Wages, Workers, and Management

Inequality, Social Insurance, and Redistribution

Market Structure and Market Power

Entry, Exit, and Long-Run Profitability

Business Strategy

Sophisticated Pricing Strategies

Game Theory and Strategic Choices

Decisions Involving Uncertainty

Decisions With Private Information

Economic Growth

Unemployment

Inflation and Money

Consumption and Saving

Investment

The Financial Sector

International Finance and the Exchange Rate

Business Cycles

IS-MP Analysis: Interest Rates and Output

Phillips Curve

The Fed Model: Linking Interest Rates, Output, and Inflation

Aggregate Demand and Aggregate Supply

Monetary Policy

Government Spending, Taxes, and Fiscal Policy

Appendix: Aggregate Expenditure and the Multiplier

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