Which of the following refers to the total quantity and quality of goods and services that can be purchased with the currency used in a country's economic system?

a. Standard of living
b. Purchasing power
c. GDP per capita
d. Gross National Product (GNP)

Answer: a. Standard of living

Economics

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Fundamental analysis shows that Quadrangle Company is fairly valued. Then Quadrangle Company unexpectedly improves its production techniques and unexpectedly hires a new CEO away from another very successful competitor. Suppose this has no effect on the price of the stock of Quadrangle Company

a. Fundamental analysis would now show the corporation is overvalued. The fact that the price was unchanged is consistent with the efficient markets hypothesis. b. Fundamental analysis would now show the corporation is overvalued. The fact that the price was unchanged is not consistent with the efficient markets hypothesis. c. Fundamental analysis would now show the corporation is undervalued. The fact that the price was unchanged is consistent with the efficient markets hypothesis. d. Fundamental analysis would now show the corporation is undervalued. The fact that the price was unchanged is not consistent with the efficient markets hypothesis.

Economics

On a graph showing the influence of automatic stabilizers on the economy, government expenditures on transfer payments and real GDP have a(n):

A. direct relationship as shown by an upward-sloping line. B. direct relationship as shown by a downward-sloping line. C. inverse relationship as shown by an upward-sloping line. D. inverse relationship as shown by a downward-sloping line.

Economics