The table below shows the consumer price index (CPI) over several years for Bulgaria. Which of the following conclusions can be drawn based on this data? Year CPI 2015 94 2016 100 2017 104 2018 103In the circular flow of expenditure and income, Select one: O a. households are sellers and firms are buyers in goods markets. O b. households are sellers and firms are buyers in factor markets. O c. households are buyers and firms are sellers in factor markets. O d. households and firms are both sellers in goods markets.What will happen to national income and the size of the economy if: G + I + X > T+ S+ M. It will Select one: O a. Shrink O b. Expand O c. Equilibrium O d. remain unchangedWhich of the following is primarily a macroeconomic issue? Select one: 0 a. a worker deciding how many hours to work at a given rate of Pay 0 b. a rm's decision as to whether to invest in new capital at a given interest rate 0 c. the growth of total output in the economy 0 d. a consumer's response to the change in price of a substitute good The value of final goods and services produced in a given year when valued at constant prices is Select one: 0 a. nominal GDP. b. consumption expenditure. 0. real wealth. 000 d. real GDP. Which of the following is correct about the basket of goods that makes up a country's consumer price index (CPI)? Select one: 0 a. It consists of the same goods for every country that uses it O b. It holds both the prices of goods and the goods themselves constant year after year O c. It updates the prices of the goods in the basket annually, but keeps the goods constant 0 d. It updates the goods in the basket annually, but keeps prices constant Which of the following is correct about the basket of goods that makes up a country's consumer price index (CPI)? Select one: Q a. It consists of the same goods for every country that uses it O b. It holds both the prices of goods and the goods themselves constant year after year O c. It updates the prices of the goods in the basket annually, but keeps the goods constant 0 d. It updates the goods in the basket annually, but keeps prices constant Which of the following best describes the consumer price index (CPI)? Select one: O a. The dollars a person needs in order to buy a fixed collection of goods in a year, compared to a base year O b. The cost of labour purchased by firms in a year divided by the cost of the same amount of labour in a base year expressed as a percentage O c. The change in prices that a consumer would have to pay for a fixed set of goods as a percentage of the same goods in a base year O d. Real GDP produced in one year divided by the real value of that GDP in another yearWhich of the following is not an injection in to the circular ow of national income? Select one: Q a. Government salaries paid to civil servants O b. Government taxation 0 0. Government expenditure 0 d. The purchase of a domestically produced good purchased by a European company The part of the economy that is purposely hidden from the view of the government to avoid taxes and regulations or because the goods and services being produced are illegal is Select one: Q a. intermediate production. b. depreciation. 0. national saving. 000 d. the underground economy. If operators at the Jamaica Bauxite institute are red and replaced with computer technology, the operators would be considered Select one: 0 a. frictionally unemployed b. discouraged workers 0. structurally unemployed 000 d. cyclically unemployed Paying higher prices due to ination means that our Select one: 0 a. cost of living has increased 0 b. cost of living has increased and our standard of living has increased 0 0. standard of living has increased 0 d. standing of living has decreased Which of the following statements is true of an economy at its \"natural rate of unemployment"? Select one: 0 a. The economy is producing beyond its potential 0 b. The economy is only experiencing cyclical unemployment O c. The economy is producing at its potential 0 d. Everyone who wants to work is working Which one of the following items constitutes a withdrawal/leakage from the circular flow of income of an economy? Select one: O a. Government aid to companies in financial difficulties O b. The payment of value added tax on goods sold in the domestic market O c. The purchase of a domestically produced good by a domestic company O d. The purchase of a domestically produced good by a foreign companyThe equation for GDP using the expenditure approach is Select one: O a. GDP=C+ I+ G - EX - IM. O b. GDP=C+ I+ G + EX +IM. O c. GDP=C + | + G +( IM-EX). O d. GDP=C + |+ G + (EX - IM)In the circular ow diagram, households demand and supply Select one: 0 a. goods; services. b. goods and services; labour. 0. labour; goods and services. 000 d. labour; labour