Macroeconomics Questions
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The United States has ________ social insurance programs, and generally has a ________ unemployment rate, as compared to Canada and Western Europe.
When an economy is at its natural rate of unemployment, which of the following will be true?
You lend $5,000 to a friend for one year at a nominal interest rate of 10%. The CPI over that year rises from 180 to190. What is the real rate of interest you will earn?
Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to overstate the true extent of joblessness?
Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as outof the labor force. This would
Which of the following price indices comes closest to measuring the cost of living of the typical household?
Someone who is available for work but has not actively looked for work in the previous four weeks would beclassified as
The broadest measure of the price level that includes all final goods and services is
A consumer price index of 160 in 1996 with a base year of 1982-1984 would mean that the cost of the market basket
Refer to Table 9-14. The real average hourly earnings for 1965 in 1982-1984 dollars equal
Refer to Table 9-2. Assume the market basket for the consumer price index has two products—bread andmilk—with the following values in 2013 and 2018 for price and quantity: The Consumer Price Index for 2018 equals
Gross domestic product understates the total production of final goods and services because of the omission of
which of the following is not directly counted in GDP?
An advantage of the establishment survey over the household survey of the labor market is that the establishment survey
In 2016, which component of GDP had a negative value?
Refer to Table 9-11. Suppose an economy has only three goods and the typical family purchases the amountsgiven in the table above. If 2013 is the base year, then what is the CPI for 2018?
Consider the following values of the consumer price index for 1996, 1997, and 1998: The inflation rate for 1997 was equal to
If nominal GDP exceeds real GDP for a specific year, then the GDP deflator must be
Refer to Figure 7-2. With the tariff in place, the United States imports
Refer to Figure 7-2. With the tariff in place, the United States produces