Question 212 pts A fiscal policy that changes over time as economic conditions c

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Question 212 pts

A fiscal policy that changes over time as economic conditions change is considered to be time inconsistent.

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Question 222 pts

A narrowly conceived physical quality-of-life index attempts to measure:

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Question 232 pts

Assume that you invest $550 in a certificate of deposit that has an annual interest rate of 4.5 percent. According to the rule of 72, what will your investment be worth after 16 years?

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Question 242 pts

Economic growth in any country is reflected by an increase in real GDP.

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Question 252 pts

Capital shallowing occurs because old capital depreciates, or becomes completely obsolete with the passage of time.

Explanation / Answer

212) true

When fiscal policy keeps on changing, it shows unreliability on the government, then fiscal policy is considered to be time inconsistency.

222) living standards

Physical quality of life index measures the quality of like or well being of the country.

232) according to rule of 72 income doubles in 72/i years

72/4.5 = 16.

Thus in 16 years income doubles to 2(550) = 1100

242) true

Economic growth is measured by change in real gdp

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