ECN 204 Study Guide - Midterm Guide: Dow Jones Industrial Average, Nominal Interest Rate, Real Interest Rate
8 Apr 2015
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2. (table: peanut butter and jelly economy) a simple economy produces only peanut butter and jelly. Using the data in the attached table, from 2010 to 2011 real gdp ____ by. _____%: increased; 12. 5, decreased; 50, increased; 43. 75, decreased; 12. 5. Suppose banks are issuing personal loans at an interest rate of 9%. 4. (table: hypothetical relationship) the accompanying table represents a hypothetical relationship between physical capital per worker and the growth rate of productivity. This economy is experiencing: increasing returns to physical capital per worker, decreasing total productivity, constant total productivity, diminishing returns to physical capital per worker. Economies with higher growth rates tend to be those that increase their: government regulation, human capital, consumption, resources. Between which of the following pairings of economies would you expect to see convergence: mexico and ghana, france and germany, brazil and the united kingdom, mexico and ghana or brazil and the united kingdom.
