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【单选题】
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B.
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C.
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D.
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举一反三
【单选题】Suppose a country has been running a persistent government budget deficit. If the deficit is reduced, but remains positive,
A.
government debt will increase.
B.
government debt will decrease.
C.
the country will experience a budget surplus.
D.
interest payments on the debt immediately will decrease.
【单选题】Suppose a country is producing $20 million of real GDP. If the economy grows at 10 percent per year, approximately how many years will to take for real GDP to grow to $80 million?
A.
14
B.
7
C.
4
D.
30
【单选题】Suppose a country is much richer than the others in the Solow growth model. What happens in the long run?
A.
The other countries catch up to the rich one.
B.
The rich country grows the fastest.
C.
The rich country becomes poorer than the others.
D.
Nothing.
【单选题】Suppose a country is producing $20 million of real GDP. If the economy grows at 10 percent per year, approximately how many years will to take for real GDP to grow to $80 million?
A.
14.00
B.
7.00
C.
4.00
D.
30.00
【单选题】Suppose a country has floated its currency and the central bank sets a contractionary monetary policy. Which of the following is LIKELY to occur?
A.
The country's currency will depreciate.
B.
Interest rates will rise, the currency will appreciate, and any inflationary gap will shrink.
C.
Interest rates will fall, which will reduce aggregate demand.
D.
Net exports will be larger.
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