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Test Bank For Principles of Macroeconomics Ben Bernanke 5th Edition

  • ISBN-10 ‏ : ‎ 1760424021
  • ISBN-13 ‏ : ‎ 978-1760424022
  • Publisher ‏ : ‎ McGraw-Hill Education / Australia; 5th edition
  • Authors: Ben Bernanke, Nilss Olekalns Associate Professor, Robert H. Frank

Original price was: $55.00.Current price is: $25.00.

SKU:TB0001296

Test Bank For Principles of Macroeconomics Ben Bernanke 5th Edition

Chapter 15 Testbank

1. All other things being equal, an increase in a country’s total factor productivity will:

A. increase a country’s steady-state level of income per capita

B. increase a country’s steady-state level of income and saving per capita

C. increase a country’s steady-state level of income, saving and replacement investment per capita

D. increase a country’s saving rate

2. In a closed economy, suppose that consumption is $100 billion, saving is $30 billion and taxes paid total $20 billion. What is GDP?

A. $70 billion

B. $150 billion

C. $110 billion

D. $130 billion

3. Suppose that an economy has saving equal to $300 billion, taxes equal to $200 billion and government spending equal to $300 billion. What is investment equal to in this economy (assuming that the economy is closed)?

A. –$100 billion

B. $100 billion

C. $0

D. $200 billion

4. Which of the following describes the relationship between saving and investment for a closed economy?

A. S = (Y – T) – C

B. S = YC

C. S = I

D. S + (T – G) = I

5. The neo-classical growth model emphasises the role of ____________ to explain countries’ growth experience.

A. culture

B. full employment

C. government policy

D. capital accumulation

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