Koofers

Past Exam for ECON 2006 - Principles of Economics at Virginia Tech (VT)

Exam Information

Material Type:Exam 1
Professor:Staff
Class:ECON 2006 - Principles of Economics
Subject:Economics
University:Virginia Polytechnic Institute And State University
Term:Spring 2010
Keywords:
  • Underemployed
  • Better Information
  • Discouraged Worker
  • Psychiatrist
  • Stockbroker
  • Discouraged Workers
  • Nominal Wage
  • Price Index
  • Unemployment Compensation
  • Employment-at-Will
Login / Sign Up to View Document
Preview Page 1Preview Page 2Preview Page 3Preview Page 4Preview Page 5Preview Page 6

Sample Document Text

FORM A --------------------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------- Page 1 of 7 Midterm1 1. Gross Domestic Product equals the 1 market value of all goods and services produced by resources located in the U.S. 2 total output of all goods and services produced by resources located in the U.S. 3 value added to the economy by intermediate goods and services minus original cost 4 market value of all final goods and services produced by resources located in the U.S. 5 value of total sales of goods and services produced in the U.S. 2. If nominal GDP increases by 4 percent, then 1 net exports increased by 4 percent 2 the price level has increased by 4 percent 3 it is possible that all of the increase was caused by an increase in the price level 4 real output has in...

Related Documents

Income Approach Notes
Either...or Exam
Expenditure Approach Exam
World Price Exam
Structural Unemployment Exam
Expenditure Approach Exam
Ceteris Paribus Exam
Inventory Changes Exam
Supply-Side Policy Exam
Protectionism Exam
Increase in Demand Exam
Income Approach Exam
Competitive Market Structure Exam
Conciliation Exam
Either...or Exam
Either...or Exam
155, "/var/app/current/tmp/"