(05.06 LC) Which of the following is considered a significant cause of economic growth?

Homework has helped prepare me to perform well in class and on quizzes.

(02.04 HC) Assume that only two goods, A and B, are produced in an economy. In the base year, 5 units of A are produced for a price of $4, and 5 units of B are produced for a price of $6. And in a given year, 5 units of A are produced for a price of $5, and 5 units of B are produced for a price of $9. What is the CPI for the given year?

Assessments (quizzes, projects, speaking evaluations) reflect the goals of the course.

(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?

(06.01 LC) Which of the following represents a credit on the current account (CA) of country A?

(05.07 MC) Which of the following sets of changes would be most likely to promote economic growth?

A. Introducción a Colombia: Tu tío loco. Your “tío loco” (“crazy uncle”) says he knows it all about Colombia, but is he right? Based on what you learned in Club cultura: Introducción a Colombia (p. 283 of the eText), determine if his “facts” are Cierto or Falso. (1 pt. each; 5 pts. total) Un mapa con las regiones de Colombia. ¿Qué regiones hay en Estados Unidos? 1. La capital de Colombia es Medellín. 2. Colombia está en Centroamérica. 3. Colombia es conocido por la calidad de sus esmeraldas. 4. Hay territorio colombiano que está en la región del río Amazonas. 5. Como en los Estados Unidos, hay desiertos, montañas y playas en Colombia. ¿Quieres practicar más? Consulta el video en las página 283 del eText. 🙂

(03.06 MC) What happens when a country experiences a positive supply shock in the short run?

(06.06 MC) Assume that the real interest rate falls in Country Y. Which of the following will occur?