84. Chapter TF, Section .23, Problem 075 (ID: 075.23 - TF - MANK08) Typically in countries with...
84. Chapter TF, Section .23, Problem 075 (ID: 075.23 - TF - MANK08)
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Typically in countries with lower levels of real GDP person, a smaller percentage of the population is literate.
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Homework Answers
True
There is a positive relationship between real gdp per person and literacy rate. Higher literacy rate means higher human capital and thus higher real gdp per person. Higher real gdp per person leads to improvement in standard of living leading to higher literacy rate.
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84. Chapter TF, Section .23, Problem 075 (ID: 075.23
- TF - MANK08)
Typically in countries with...
Attempts: Score: /1 3. Chapter mazpe09r, Section .23, Problem 149 (ID: 061.23 - TF - MANK08)...
Attempts: Score: /1 3. Chapter mazpe09r, Section .23, Problem 149 (ID: 061.23 - TF - MANK08) If nominal GDP is $12,000 and the GDP deflator is 80, then real GDP is $15,000. a. True b. False
95. Chapter TF, Section .23, Problem 084 (ID: 084.23 - TF - MANK08) Consumption expenditures were previously...
95. Chapter TF, Section .23, Problem 084 (ID: 084.23 - TF - MANK08) Consumption expenditures were previously the largest component of GDP, but with the growth of government and government expenditures, this is no longer true. a. True b. False
50. Chapter TF, Section .24, Problem 080 (ID: 080.24 - TF - MANK08) The PPI is a...
50. Chapter TF, Section .24, Problem 080 (ID: 080.24 - TF - MANK08) The PPI is a price index that measures the cost to consumers of a typical basket of goods sold by firms. a. True b. False
43. Chapter ma2pe08r, Section .242, Problem 099 (ID: 099.24.2 - MC - MANK08) If the nominal interest...
43. Chapter ma2pe08r, Section .242, Problem 099 (ID: 099.24.2 - MC - MANK08) If the nominal interest rate is 4.2 percent and the rate of inflation is -0.5 percent, then the real interest rate is a. -8.4 percent. b. -2.1 percent. c. 3.7 percent. d. 4.7 percent.
55. Chapter ma2pe08r, Section .32, Problem 049 (ID: 049.03.2 - MC - MANK08) The gains from trade...
55. Chapter ma2pe08r, Section .32, Problem 049 (ID: 049.03.2 - MC - MANK08) The gains from trade are a. evident in economic models, but seldom observed in the real world. b. evident in the real world, but impossible to capture in economic models. c. a result of more efficient resource allocation than would be observed in the absence of trade. d. based on the principle of absolute advantage.
98. Chapter ma2pe08r, Section .302, Problem 091 (ID: 091.30.2 - MC - MANK08) Which movie is an...
98. Chapter ma2pe08r, Section .302, Problem 091 (ID: 091.30.2 - MC - MANK08) Which movie is an allegory about late 19th century monetary policy? a. The Wizard of Oz b. Mary Poppins c. It’s a Wonderful Life d. Trading Places
43. Chapter ma2pe08r, Section .323, Problem 024 (ID: 024.32.3- MC- MANK08) If a country raises its...
43. Chapter ma2pe08r, Section .323, Problem 024 (ID: 024.32.3- MC- MANK08) If a country raises its budget deficit, then net capital outflow ts currency shifts right in the market for fi O a. rises, so the supply of i reign-currency exchange b. rises, so the demand for its currency shifts right in the market for foreign-currency exchange O c. falls, so the supply of its currency shifts left in the market for foreign-currency exchange. d. falls, so the demand for...
21. Chapter ma2pe08r, Section .42, Problem 090 (ID: 090.04.2 - MC - MANK08) If a good is...
21. Chapter ma2pe08r, Section .42, Problem 090 (ID: 090.04.2 - MC - MANK08) If a good is normal, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the demand for the good. c. movement down and to the right along the demand curve for the good. d. movement up and to the left along the demand curve for the good.
22. Chapter ma2pe08r, Section .43, Problem 032 (ID: 032.04.3 - MC - MANK08) The line that relates...
22. Chapter ma2pe08r, Section .43, Problem 032 (ID: 032.04.3 - MC - MANK08) The line that relates the price of a good and the quantity supplied of that good is called the supply a. schedule, and it usually slopes upward. b. schedule, and it usually slopes downward. c. curve, and it usually slopes upward. d. curve, and it usually slopes downward.
53. Chapter ma2pe08r, Section .252, Problem 159 (ID: 159.25.2 - MC - MANK08) Which of the following...
53. Chapter ma2pe08r, Section .252, Problem 159 (ID: 159.25.2 - MC - MANK08) Which of the following statements is correct? a. Human capital per worker is a determinant of productivity. b. A nation cannot be highly productive in producing goods and services without abundant quantities of natural resources. c. Human capital and technological knowledge are the same thing. d. All technological knowledge is proprietary.
Attempts: Score: /1 3. Chapter mazpe09r, Section .23, Problem 149 (ID: 061.23 - TF - MANK08) If nominal GDP is $12,000 and the GDP deflator is 80, then real GDP is $15,000. a. True b. False
43. Chapter ma2pe08r, Section .323, Problem 024 (ID: 024.32.3- MC- MANK08) If a country raises its budget deficit, then net capital outflow ts currency shifts right in the market for fi O a. rises, so the supply of i reign-currency exchange b. rises, so the demand for its currency shifts right in the market for foreign-currency exchange O c. falls, so the supply of its currency shifts left in the market for foreign-currency exchange. d. falls, so the demand for...
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