Questions from Macroeconomics


Q: If the labor force increases by 1.1 percent each year

If the labor force increases by 1.1 percent each year and productivity increases by 3.4 percent, how fast will output grow?

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Q: If the Congressional Budget Office makes its average error this year,

If the Congressional Budget Office makes its average error this year, by how much will it underestimate next year’s budget deficit?

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Q: What MPC for tax cuts is assumed in the News on page

What MPC for tax cuts is assumed in the News on page 401?

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Q: According to the News on page 401, what is the implied

According to the News on page 401, what is the implied value of the multiplier for (a) Increased unemployment benefits? (b) Infrastructure spending?

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Q: Which countries are the two largest export markets for the United States

Which countries are the two largest export markets for the United States? (See Table 19.3.) (1) __________ (2) __________

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Q: If a euro is worth $1.40, what is

If a euro is worth $1.40, what is the euro price of a dollar?

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Q: According to the World View on page 442, what was the

According to the World View on page 442, what was the peso price of a euro in May 2011?

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Q: According to Figure 6.1 (p. 114),

According to Figure 6.1 (p. 114), (a) What percentage of the civilian labor force was employed? (b) What percentage of the civilian labor force was unemployed? (c) What percentage of the population wa...

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Q: If everyone seeks a free ride, what mix of output will

If everyone seeks a free ride, what mix of output will be produced in Figure 4.2? Why would anyone voluntarily contribute to the purchase of public goods like flood control or snow removal?

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Q: If the unemployment rate in 2010 had not risen since 2008,

If the unemployment rate in 2010 had not risen since 2008, how many more workers would have been employed in 2010? (Use Figure 6.1 and this book’s endpapers). Figure 6.1:

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