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(02.06 MC) Use the data table to answer the question that follows. Year Nominal GDP GDP Deflator 1 $640 billion 160 2 $1050 billion 175 By how much did the value of output, adjusted for inflation, change from Year 1 to Year 2?

(03.02 MC) Assume that the marginal propensity to save is 0.2 (or 20%), what is the maximum value of the spending multiplier in the economy?

(03.03 MC) Use the graph to answer the question that follows.Comparing points A and B on this graph, which of the following is true?

(02.06 MC) Suppose Country ‘X’ is producing an output of 300 units of a certain good at $3 per unit in 2017. With time, the price level rises from $3 per unit to $5 per unit in 2018 while the amount of output produced remains same. Which of the following is true for the given situation?

(05.04 MC) Which of the following will lead to an increase in a country’s existing national debt?

(05.03 MC) Assume that an economy is characterized by its efficient use of available human resources. The central bank of this economy enacted the expansionary monetary policy that influences the available money supply. Which of the following is true in this scenario?

(02.02 MC) Which of the following represents a limitation in the measurement of the GDP?

(02.04 LC) The consumer price index tends to ________ the substitution of lower-priced goods, which has the effect of ________ inflation.

(06.03 MC) The United States and the countries of Europe are trading partners. If the average income of dollar holders increases, what should be the result in the market for the euro, the currency of many European countries?

(05.07 MC) Which of the following policies will have a positive impact on the growth of an economy in the long run?