Econ 103 test stuvia Study guides, Class notes & Summaries
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Econ 103 Test 2023-2024 Questions and Answers 100% Correct
- Exam (elaborations) • 15 pages • 2023
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Econ 103 Test Questions and Answers 100% CorrectEcon 103 Test Questions and Answers 100% CorrectEcon 103 Test Questions and Answers 100% CorrectEcon 103 Test Questions and Answers 100% Correct 
1. 
The field of macroeconomics studies ______ and microeconomics studies ______. 
A. variables within a single economy; international variables 
B. individual markets; economic aggregates 
C. international variables; variables within a single economy 
D. economic aggregates; individual markets - ANSW...
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Econ 103 Test 2023-2024 Questions and Answers 100% accurate
- Exam (elaborations) • 15 pages • 2024
- Available in package deal
-
- $10.99
- + learn more
The most commonly used metric for measuring the value of a national economy is: 
A. gross national income, or GNI 
B. gross national product, or GNP. 
C. gross domestic product, or GDP. 
D. gross domestic income, or GDI. - ANSWER-C. Gross domestic product, or GDP 
 
3. 
Gross domestic product is the sum of: 
A. the market values of all final goods and services produced within a country in a given period of time. 
B. the market values of all intermediate goods and services produced within a count...
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