Exam 2: The Measurement and Structure of the National Economy

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You took out a loan one year ago at a nominal interest rate of 7.5%.The CPI stood at 173.2 at the time and you expected it to rise to 178.6 over the year.Today the CPI is actually 179.5.Calculate the expected real interest rate on the loan and the real interest rate on the loan.

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Question 81

If the price index last year was 1.0 and today it is 1.4,what is the inflation rate over this period?

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Question 82

What is the main conceptual difference between GDP and GNP? How different are GDP and GNP for the United States? For countries with many citizens who work abroad?

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Question 83

The uses-of-saving identity says that an economy's private saving is used for

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Question 84

Larry's Lathe-makers Limited produces lathes,which are purchased by furniture manufacturers all over the world.The standard lathe depreciates over a twenty-five year period.In the national income accounts,the lathes are classified as

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Question 85

The value of real GDP in the current year equals

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Question 86

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You took out a loan one year ago at a nominal interest rate of 7.5%.The CPI stood at 173.2 at the time and you expected it to rise to 178.6 over the year.Today the CPI is actually 179.5.Calculate the expected real interest rate on the loan and the real interest rate on the loan.

If the price index last year was 1.0 and today it is 1.4,what is the inflation rate over this period?

What is the main conceptual difference between GDP and GNP? How different are GDP and GNP for the United States? For countries with many citizens who work abroad?

The uses-of-saving identity says that an economy's private saving is used for

Larry's Lathe-makers Limited produces lathes,which are purchased by furniture manufacturers all over the world.The standard lathe depreciates over a twenty-five year period.In the national income accounts,the lathes are classified as

The value of real GDP in the current year equals

Introduction to Macroeconomics

Productivity, Output, and Employment

Consumption, Saving, and Investment

Saving and Investment in the Open Economy

Long-Run Economic Growth

The Asset Market, Money, and Prices

Business Cycles

The Is-Lmad-As Model

Classical Business Cycle Analysis

Keynesianism: The Macroeconomics of Wage and Price Rigidity

Unemployment and Inflation

Exchange Rates,business Cycles,and Macroeconomic Policy in the Open Economy

Monetary Policy and the Federal Reserve System

Government Spending and Its Financing

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