1) The dollar amount of interest expressed as a percentage of the amount loaned is called the________.
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a. marginal interest rate
b. average marginal interest rate
c. real interest rate
d. nominal interest rate
2)Two main labor market indicators are the unemployment rate and the
a. labor force participation rate
b. number of marginally attached workers
c. number of part-time workers
d. number of full-time workers
3)Using the expenditure approach to measuring GDP means ________.
a. taking the sum of consumption expenditure (C), investments (I), government expenditure (G), and net exports (NX)
b. taking the sum of consumption expenditure (C), investments (I), and government expenditure (G), and subtracting the net exports (NX)
c. taking the difference found when subtracting the sum of government expenditures (G) and net exports (NX) from the sum of the consumption expenditure (C) and investments (I)
d. taking the difference found when subtracting the sum of consumption expenditure (C) and investments (I) from the sum of the government expenditures (G) and net exports (NX)
4) The measure of the average prices paid by urban consumers for a fixed market basket of consumption goods and services is called ________.
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a. the reference base period
b. the consumer price index
5)Deflation occurs when ________.
a. price levels fall and the inflation rate is negative
b. price levels rise and the inflation rate is negative
c. price levels fall and the inflation rate is positive
d. price levels rise and the inflation rate is positive
6)The working-age population is ________.
a. the total number of people in a population who are not in jail, a hospital, other institutional care, or the armed services
b. the total number of people in a population age 16 or older who are not in jail, a hospital, or other institutional care
c. the total number of people in a population age 16 or older who are not in jail, a hospital, other institutional care, or school
d. the total number of people in a population age 16 or older who are not in jail, a hospital, other institutional care, or the armed services. Get Economics homework help today
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