Exam 4: Goals and Problems of the Macroeconomy: Employment, Prices and Production

Richard places $20,000 into a three-year CD that pays a 3% interest rate. Richard benefits the most if the inflation rate over the three-year period averages:

Which of the following statements is true?

A country where there are extremely rapid increases in the general level of prices is experiencing:

Cyclical and structural unemployment differ in that:

-Which of the follow statements is true?

-The base year in this price index is year:

Being unemployed can:

Suppose nominal GDP is $200,000 and the corresponding GDP price index is 125. The value of real GDP is _________.

Human capital investments:

-Real GDP in year 1 is:

Use the basis of the following table, which lists population statistics for a hypothetical country. -The unemployment rate is:

Which of the following statements is true?

Price indexes:

None of the following activities are included in the calculation of GDP. Which one does NOT result in understating GDP?

A good cost $400 in the base year, and in a later year the price index number for the good was 125.0. In that later year the good cost:

Cyclical unemployment refers to:

A decrease in productivity means that:

-Real GDP in year 4 is:

Lee lost his job because his employer downsized its operations. Ramon resigned from his job to find work closer to his family. Lee's unemployment is:

If the GDP price index number for a particular year is 125.00, money GDP is: