ECON 214 Quiz GDP
ECON 214 Quiz: Gross Domestic Product To evaluate the change in average living standards over time, it is best to use: When John buys new tires for his car it…
ECON 214 Quiz Unemployment
ECON 214 Quiz: Unemployment If the relevant population is 268 million people and the number of people in the labor force is 148 million, the number of people NOT in…
ECON 214 Problem Set 6
Liberty ECON 214 Problem Set 6 Answers Why is it possible to change real economic factors in the short run simply by printing and distributing more money? Explain why…
ECON 214 Problem Set 5
Liberty ECON 214 Problem Set 5 Answers What are the three functions of money? Which function is the defining characteristic? How is the discount rate different from the federal…
ECON 214 Problem Set 4
Liberty ECON 214 Problem Set 4 Answers Explain the difference between a budget deficit and the national debt. Use the Marginal Income Tax Rates in Figure 15.6 (see p….
ECON 214 Problem Set 3
1) What is human capital, and how is it different from strictly the quantity of workers available for work? Name three ways to increase a nation’s human capital. Is an…
ECON 214 Problem Set 2
1) A country with a civilian population of 90,000 (all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 3,000…
ECON 214 Problem Set 1
1) If Max receives an unemployment check, would you include that transfer payment from the government in this year’s GDP? Why or why not? 2) In the following situations, explain…