(02.06 MC) Use the data table to answer the question that follows. Year Nominal GDP GDP Deflator 1 $640 billion 160 2 $1050 billion 175 By how much did the value of output, adjusted for inflation, change from Year 1 to Year 2?

(05.03 MC) If the money supply in an economy is $240 billion and the nominal GDP is $960 billion, then how many times is the average dollar in the economy spent?

(04.04 MC) Assume that there is $20,000 circulating in an economy and a bank only has a deposit of $1,000. The bank then loans out the entire excess reserve on the basis of the reserve requirement rate set at 20%. What is the amount of M1 in the economy?

(02.03 MC) Jane was fired from her job as a waitress at a restaurant due to a recession. How will Jane be categorized when computing the unemployment rate?

(02.03 LC)Which of the following events was a catalyst for Spanish conquistadors to start to tolerate American Indian cultural practices?

(02.03 LC)The Yamasee and Creek peoples

(04.04 MC) Use the data table to answer the following question. Assets (billion $) Liabilities (billion $) Total reserves 3,000 Deposits 18,000 Loan 15,000   Total 18,000 Total 18,000 Assume the required reserve ratio to be 10%. Is the bank holding any excess reserve? If so, then what is the magnitude of the excess reserve?

(02.02 MC) Assume that a country has a high GDP and also one of the worst life expectancy rates in the world. Which limitation of the GDP is highlighted in this scenario?

(04.07 MC) Use the following table to answer the question that follows: National income $1,800 billion Consumption expenditure $500 billion Tax revenues $200 billion Government expenditure $150 billion Based on the data table, what would be the level of investment in this economy?

(01.03 MC)Question refers to the excerpt below.”Almost every year, from 1581 onward, the mariners of the Netherlands strove, by east and by west, to pass the barrier that America interposed between them and the Eastern trade they coveted…They would not be hurried; they took their time to think it over, as Dutchmen will; but at length they conceived an immense project for acquiring all the trade, or the best part of it, of both the West and the East…In 1609, quite inadvertently, Henry Hudson discovered it…received a visit from some Indians with native commodities to exchange for knives and beads…They were affable, but untrustworthy, stealing what they could lay their hands on, and a few days later shooting arrows at a boatload of seamen from the ship, and killing one John Colman. Hudson went ashore, and was honored with dances and chants; upon the whole, the impression mutually created seems to have been favorable.”Source: Julian Hawthorne, from The History of the United States from 1492 to 1910, V1Hudson’s experience is typical of Dutch interaction with Native Americans in that it was