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To get this material copy and paste link to browser - http://entire-courses.com/ECON-545-Week-6-Quiz |
This document of ECON 545 Week 6 Quiz includes answers to the next questions: 1. (TCO F) The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job, and are not looking for work. In addition, 100 people in the community are under the age of 16. The unemployment rate is: 2. (TCO F) Suppose nominal GDP in 2005 was $14 trillion, and in 2006 it was $15 trillion. The general price index in 2005 was 100, and in 2006 it was 103. Between 2005 and 2006, real GDP rose by what percent? 3. (TCO F) The consumer price index was 185.2 in January of 2004, and it was 190.7 in January of 2005. Therefore, the rate of inflation in 2004 was about 4. (TCO E) (10 points) As the Euro appreciates in value relative to the U.S. dollar, what happens to the price of U.S. goods in Europe? What happens to the price of European goods in the U.S.? (10 points) Why would a country (for example, China) choose to keep their currency relatively pegged to the U.S. dollar? If the U.S. dollar were to appreciate considerably against most currencies, what would be the effect on Chinese exports to countries other than the United States? 5. (TCO E) Suppose the Indian rupee price of one British pound is 54.392 rupees for each pound. A hotel room in London costs 120 pounds, while a similar hotel room in New Delhi costs 6,500 Indian rupees. In which city is the hotel room cheaper, and by how much? 6. (TCO E) Answer the next question on the basis of the following production possibilities data for Landia and Scandia 7. (TCO E) Answer the next question on the basis of the following production possibilities data for Landia and Scandia: Landia production possibilities 8. (TCO F) Country A produces two goods, elephants and saddles. In the year 2006, the 100 units of elephants produced sold for $2,500 per unit and the 30 units of saddles produced sold for $200 per unit. In 2007, the 120 units of elephants produced sold for $3,000 per unit, and the 50 units of saddles produced sold for $300 per unit. Real GDP for 2007, assuming that 2006 is the base year, is ______. 9. (TCO E) A Honda Accord sells for $24,000 in the United States and for SF29,500 in Switzerland. Given an exchange rate of SF1.25 = $1, how do the car prices of both countries compare? |
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To get this material copy and paste link to browser - http://entire-courses.com/ECON-545-Week-6-Quiz |
Business - General Business DEVRY ECON 545 Week 1 DQ 1 Supply and Demand DEVRY ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage DEVRY ECON 545 Week 2 DQ 1 Marginal Analysis DEVRY ECON 545 Week 2 DQ 2 Controlling Costs DEVRY ECON 545 Week 2 Project Part 1 DEVRY ECON 545 Week 3 DQ 1 Mergers Acquisitions DEVRY ECON 545 Week 3 DQ 2 Anti-Trust Policy and Microsoft DEVRY ECON 545 Week 3 Quiz Imperfect Competition DEVRY ECON 545 Week 4 DQ 1 Macroeconomic News DEVRY ECON 545 Week 4 DQ 2 Healthcare DEVRY ECON 545 Week 5 DQ 1 Trade Deficits DEVRY ECON 545 Week 5 DQ 2 Exchange Rates DEVRY ECON 545 Week 5 Project Part 2 DEVRY ECON 545 Week 6 DQ 1 Fiscal Policy DEVRY ECON 545 Week 6 DQ 2 Monetary Policy DEVRY ECON 545 Week 6 Monetary and Fiscal Policy - You Decide DEVRY ECON 545 Week 6 Quiz DEVRY ECON 545 Week 7 DQ 1 The Public Sector DEVRY ECON 545 Week 7 DQ 2 Forecasting DEVRY ECON 545 Week 8 Final Exam |
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To get this material copy and paste link to browser - http://entire-courses.com/ECON-545-Week-6-Quiz |
While you are in college, look for an internship. An internship gives you experience and an opportunity to try out your career choices while still in school. You may even get an offer of a job from the company you intern with! Ask about internships at your school. |
