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Economics basics
What does (X-M) stand for?
Economy develops
Economics basics
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econ
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Answers
1
Economy develops
proportionally
exponentially
in cycles
constant
2
What does (X-M) stand for?
Exports - Imports
State Revenue - Imports
Imports - Exports
Budget Plus - Exports
3
In what period of time (after WW2) did Germany see the largest GDP growth?
1982ff
2004ff
1950ff
1975ff
4
Spell out GDP
Gross Domestic Product
Gross Democratic Products
Great Domestic Parliament
Ground Distributed Products
5
In germany's post-war history - which was the period of biggest recession?
1989
2004
2000
2009
6
What happens when per-capita income rises?
the purchasing power of households decreases
the purchasing power of households is not affected
the purchasing power of households increases
the purchasing power of households stays the same
7
What is the formula for the GDP?
C+I+G+(X-M)
I+G+X+ (X-M)
C+I+A+ (Y+M)
S+I+G- (X+M)
8
What is the state revenue?
the money a state generated through economic activity
the money a state spends on education
it measures the stability of prices
the money a state spends in infrastructure
9
Overall, since the 1950s, the rate of economic growth (compared with the previous year) has
not been recorded
increased
not changed
descreased
10
What's the current unemployment rate in Germany?
15.8%
10.5%
4.6%
5.7%
11
What is the basic economic problem?
Trump
Unlimited Wants
Scarce Resources
Capitalism
