Question
only answer, no need explain If the price of domestic good falls and it is now relatively cheaper compared to foreign goods, this will ________________
only answer, no need explain
"If the price of domestic good falls and it is now relatively cheaper compared to foreign goods, this will ________________ ."
A. increase the demand for domestic currency and caused domestic currency to appreciate.
B. increase the demand for domestic currency and caused the domestic currency to depreciate.
C. increae the supply of domestic currency and caused the domestic currency to depreciate.
D. decrease the supply of domestic currency and caused the domestic currency to appreciate.
Which of the following relationship is wrong?
A. Y = C + I + G + (X - M)
B. Y = C + I + G + (M - X)
C. S = Yd - C
D. Y = Wages + Rental Income + Interests Income + Profit
"If real GDP is $2m and the population size is 80 million, then real GDP per capita is: "
A. "$25,000"
B. $40m
C. $160m"
D. $250,000"
Net export is equal to
A. Value of import - Value of export
B. Value of export - Value of import
C. Government Tax Revenue - Government Expenditure
D. National Savings - Aggregate Expenditure
Real GDP measures GDP using the
A. real GDP per capita.
B. base-year price.
C. current year price.
D. inflation rate.
A fall in wages and rental costs will
A. decrease AD.
B. increase SAS.
C. increase LAS.
D. decrease SAS.
A rise in the quantity of capital will
A. decrease AD.
B. decrease SAS.
C. increase LAS and SAS.
D. decrease LAS and SAS.
A rise in the quantity of labour will
A. increase AD.
B. increase SAS.
C. increase LAS.
D. increase SAS and LAS.
"When a country is experiencing an inflationary gap, it is producing at an output level "
A. less than full employment.
B. equal to full employment.
C. more than full employment.
D. equal to potential real GDP.
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