Answer 10 questions. Only one answer is correct. If you want to be under time pressure, use no more than 10 minutes.
Only for economies with a balanced current account
For all economies
Only when we measure GDP in PPP (purchasing power parity)
Only when inventories are constant
Higher consumption and higher saving
Lower consumption and lower saving
Lower consumption and higher saving
Lower consumption but no effect on saving
In Japan because nominal interest rate is higher
In the US because nominal interest rate is lower
In the US because the real interest rate is lower
In the US because the real interest rate is higher
French GNI and German GNI
French GNI and German GDP
French GDP and German GNI
French GDP and German GDP
Equal to the number of notes and currency in circulation
Twice as large as GDP
Fixed by the government
The result of central bank policy and response of the private sector
Been running a capital and financial account deficit
Been running a capital and financial account surplus
Kept the interest rate too low
Been running inadequate monetary policy that led to the depreciation of the dollar
Of differences in inflation rates
Poor countries do not have enough resources to invest and grow
The interest rate is always higher in poor countries
Not all poor countries provide the necessary environment for investment to happen
An increase in money supply
A decrease in money supply
No change in money supply
A sharp acceleration in consumption
income - consumption - government spending
Income - consumption - government spending - taxes
Income - consumption
Income - consumption - taxes
Is a necessary condition for long-term growth, demand needs to grow
Can be a barrier to growth unless the country can attract capital from other countries
Is a characteristic of large economies because they are self sufficient
Is a consequence of high wages