ECON 1010 Study Guide - Midterm Guide: Production Function, Potential Output, Loanable Funds
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Faculty of liberal arts and professional studies department of economics. ______________________________________: make sure to print your name, student number and sign the sheet above. All questions are multiple choice format: for multiple choice answers, no work needs to be shown. The full marks will be granted if the best answer is circled and zero otherwise: good luck! Choose the one alternative that best completes the statement or answers the question. 1: during the last 10 years, which of the following had the lowest level of real gdp per person, china, eastern europe, japan, central and south america, africa. If 1 million of those unemployed are cyclically unemployed, what is the natural unemployment rate: 5 percent, 5. 6 percent, 11. 1 percent, 6. 7 percent, 1 percent. Use the table below to answer the following questions. There are only two goods in this economy.
