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ECON 214 Quiz GDP

ECON 214 Quiz: Gross Domestic Product To evaluate the change in average living standards over time, it is best to use: When John buys new tires for his car it…

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ECON 214 Quiz Unemployment

ECON 214 Quiz: Unemployment If the relevant population is 268 million people and the number of people in the labor force is 148 million, the number of people NOT in…

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ECON 214 Problem Set 6

Liberty ECON 214 Problem Set 6 Answers Why is it possible to change real economic factors in the short run simply by printing and distributing more money?   Explain why…

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ECON 214 Problem Set 5

Liberty ECON 214 Problem Set 5 Answers What are the three functions of money? Which function is the defining characteristic?   How is the discount rate different from the federal…

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ECON 214 Problem Set 4

Liberty ECON 214 Problem Set 4 Answers Explain the difference between a budget deficit and the national debt.   Use the Marginal Income Tax Rates in Figure 15.6 (see p….

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ECON 214 Problem Set 3

1) What is human capital, and how is it different from strictly the quantity of workers available for work? Name three ways to increase a nation’s human capital. Is an…

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ECON 214 Problem Set 2

1) A country with a civilian population of 90,000 (all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 3,000…

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ECON 214 Problem Set 1

1) If Max receives an unemployment check, would you include that transfer payment from the government in this year’s GDP? Why or why not? 2) In the following situations, explain…

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