ECON 200 UOFA Exam 2 Newest 2025

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ECON 200 UOFA Exam 2 Newest 2025 Complete 150 Questions And Correct Answers (Verified Answers) |Already Graded A+||Brand New!!

The one category of goods that are not sold but are, nevertheless, included in GDP is

• inventories.
• imports.
• consumer services.
• exports.
• inventories

Goods produced that go into inventories are

• not counted in GDP.
• only counted in GDP when they are ultimately sold.
• counted in GDP even though they are not sold. 1 / 4

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• counted if they completely depreciate within the calendar

year.

• counted in GDP even though they are not sold.

Residential construction (new houses and apartments) are included in which component of GDP?

• government purchases
• retail spending
• investment spending
• net exports
• investment spending

We have an expert-written solution to this problem!Which of the following would tend to shift the production function upward?

• an increase in the number of hours worked
• an increase in population
• an increase in the size of the labor force
• an increase in the level of technology 2 / 4

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• an increase in the level of technology

Economists before Keynes assumed that equilibrium GDP occurred

• automatically.
• only with the help of government stabilization.
• if spending was generally greater than output.
• only in socialist economies with central planning.
• automatically

Total output equals total income

• only at equilibrium.
• always.
• only at non-equilibrium levels of income.
• never.
• always

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Suppose the federal government wants to encourage businesses to increase investment spending. Which policy may be the most effective?

• an increase in corporate income taxes
• an increase in real interest rates
• an increase in warnings of a coming recession
• an increase in tax deductions for investment spending
• an increase in tax deductions for investment spending

U.S. imports are most likely to increase when

• U.S. GDP decreases.
• U.S. unemployment rates fall.
• U.S. prices fall.
• foreign prices rise.
• U.S. unemployment rates fall

If the Chinese Yuan becomes weak,

• The US exports to China will rise.
• The US imports from China will rise.
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