ECN 211 Study Guide - Midterm Guide: Money Supply, Unemployment, Government Spending
Document Summary
Q1) suppose you borrow ,000 that has to be re-paid in a years time. If the nominal interest rate is 8% and the inflation rate is 2%, the nominal amount repaid is ________, while the real amount repaid is______________: , , , , , , , , , . Q2)for country x in 2006 gdp was ,000, consumption equaled ,800, investment equaled , exports equaled. What was government spending equal to: , , -, -, none of the above. Q3) using the table above what is profit: , , , , none of the above. 600: q4) using the table above what is the value of nominal. Gdp in the year 2006: a) ,200, b) ,600, c) , d) , e) . 600: q5) using the table above what is the value of real. Gdp in the year 2006 if 2007 is the base year: a) ,200, b) ,600, c) ,150, d) ,200, e) none of the above.
