Economics Homework Help

Which of the following is NOT a contributor to output and productivity growth of a nation?

Question 1 options:

	Human capital
	Technology
	Price controls
	Physical capital

Question 2

If the consumer price index (CPI) was 97 in 2017, 100 in 2018, and 102 in 2019, then the base year must be:

Question 2 options:

	None of the above
	2018
	2017
	2019

Question 3

Suppose that anticipated inflation is 5% for the coming year, with loan contracts set at 8% with the expectation of a 3% return after inflation. If the actual inflation rate at the end of the year is 4%

Question 3 options:

	people on a fixed income see the purchasing power of their incomes rise.
	debtors gain at the expense of creditors.
	there is a redistribution of income from creditors to debtors.
	creditors gain at the expense of debtors.

Question 4

Other things equal, if a recession gets worse, the number of discouraged workers _____, and the number of those in the labor force _____.

Question 4 options:

	decreases; increases
	decreases; decreases
	increases; decreases
	increases; increases

Question 5

The ratio of total output to the total number of worker hours measures

Question 5 options:

	productivity.
	the ratio of labor cost to total cost.
	capital per worker.
	labor force participation.

Question 6

Which of the following is a type of unemployment that is due to business cycles?

Question 6 options:

	Natural rate of unemployment
	Structural unemployment
	Cyclical unemployment
	Frictional unemployment

Question 7

If Susan’s salary was $45,000 last year, and this year she receives a cost-of-living increase tied to the consumer price index (CPI), what will her salary be this year assuming the CPI has risen from 105 to 110?

Question 7 options:

	48,316
	47,143
	48,200
	46,412

Question 8

Which of the following is not considered capital?

Question 8 options:

	a factory a company builds to produce other output
	10,000 U.S. dollars
	the knowledge an individual acquires through education
	a tractor produced by John Deere

Question 9

Bistro Belle Vie employs 4 waiters, each working 5 hours, to serve total of 80 tables. What is the per hour productivity of each waiter?

Question 9 options:

	12 tables per hour
	6 tables per hour
	4 tables per hour
	2 tables per hour

Question 10

If frictional unemployment is 1.5%, structural unemployment is 2%, and cyclical unemployment is 3.5%, the natural rate of unemployment is ______.

Question 10 options:

	5%
	1.5%
	5.5%
	3.5%