Module 1:
1.
Question 1
What does GDP stand for?
1 / 1 point
GDP is the quantity only of the final goods
produced by the economy in a specific period of time
GDP does not help my business plan in any way
GDP is the quantity of the final goods produced
by national owned companies in a specific period of time
GDP stands for income as well
2.
Question 2
What are all components of a GDP?
1 / 1 point
Budget deficit
Trade balance (X - M)
Income
GDP = C + I + G + X - M
3.
Question 3
What could lead household consumption to
increase?
1 / 1 point
All of them are correct
Sale of household assets
Disposable Income (Y – T)
Lower taxes
Module 2 :
1.
Question 1
What does stand for investment as part of GDP,
and what is dependent upon?
1 / 1 point
Investment in the stock market
None of them are correct
Investment in the financial market and real
interest rates
Investment in gross capital formation such as
highways, hydro ways, productive capacity, and real interest rates
2.
Question 2
If a government wishes to pursue an expansionary
fiscal policy, it can do which of the following?
1 / 1 point
Increase taxes and decrease government
expenditure
Decrease taxes and decrease government
expenditure
Increase government expenditure
Increase government expenditure and/or decreases
taxes
Module 3 :
Question 1
How could the exchange rate influence the
competitiveness of a country's exports?
1 / 1 point
If a country experiences an appreciation of its
domestic currency in terms of another currency (foreign), the price of exports
abroad will be lower in foreign currency
If a country experiences an appreciation of its
domestic currency in terms of another currency (foreign), the price of exports
abroad will be the same in foreign currency
If a country experiences a depreciation of its
currency in terms of another currency (foreign), the price of exports abroad
will be higher in foreign currency
If a country experiences a depreciation
of its domestic currency in terms of another currency (foreign), the price of
exports abroad will be lower in foreign currency
2.
Question 2
Besides exchange rate movements (depreciation
and appreciation), what else does impact exports and imports?
1 / 1 point
Lower international income (Y*) leads to higher
domestic exports
Higher domestic and international income (Y and
Y*) lead to higher domestic imports and higher domestic exports
Lower domestic and international income (Y and
Y*) lead to lower domestic imports and lower domestic exports
Lower domestic income (Y) leads to lower
domestic exports and higher domestic imports
3.
Question 3
How does Keynes multiplier work?
1 / 1 point
If government expenditure increases by US$10
billion, the final impact on domestic GDP tends to be lower as income will
decrease, leading also to lower household consumption, hence multiplying the
final impact of the original US$10bn
If government expenditure increases by US$10
billion, the final impact on domestic GDP will be the same as government
expenditure is part of the GDP
If government expenditure increases by US$10
billion, the final impact on domestic GDP tends to be higher as income will
decrease, leading also to a decrease in household consumption, hence decreasing
the final impact of the original US$10bn
If government expenditure increases by US$10
billion, the final impact on domestic GDP tends to be higher as income will
increase, leading also to an increase in household consumption, hence
multiplying the final impact of the original US$10bn
Module 4 :
1.
Question 1
What sort of
interventions by the monetary authority could lead to a rise in interest rates?
I. The purchase of government bonds;
II. The purchase of international reserve to preserve the exchange rate
from appreciating;
III. The
decrease of reserve requirement over deposits.
0 / 1 point
Only alternative I is correct.
Only alternative II is correct.
Alternatives II and III are correct.
All alternatives are incorrect.
2.
Question 2
The followings decisions took by the monetary
authority would lead to an increase in the monetary base:
1 / 1 point
The purchase of government bonds.
Loans to commercial banks.
The purchase of foreign currency (international
reserves).
All of them are correct.
3.
Question 3
What is included in the current account of a
balance of payments?
1 / 1 point
Capital account, portfolio investments, and
reserve requirement.
FDI, portfolio investments, and external debt.
Trade balance, foreign direct investment (FDI),
and errors and omissions.
Trade balance, balance of services, and
unilateral transfers.
4.
Question 4
How can a fixed exchange rate regime control
hyperinflation?
1 / 1 point
Nominal exchange rate depreciation; higher
exports; inflation controlled.
Real exchange rate appreciation; higher imports;
higher competition with domestic goods; inflation controlled.
Nominal exchange rate appreciation; higher
imports; higher competition with domestic goods; inflation controlled.
Real exchange rate depreciation; higher imports;
higher competition with domestic goods; inflation controlled.
5.
Question 5
What are the main pitfalls or side effects
triggered by using a pegged or fixed exchange rate regime to control
hyperinflation?
0 / 1 point
Real Exchange rate appreciation; ii. Decrease
of international reserves; iii. Lower competitiveness of domestic
exports; iv. Trade deficit; v. Current account deficit.
Real Exchange rate appreciation; ii.
International reserves preserved; iii. Lower competitiveness of domestic
exports; iv. Higher inflation.
Real exchange rate depreciation; ii. Decrease of
international reserves; iii. Higher competitiveness of domestic exports; iv.
Higher budget deficit; v. Lower interest rates.
Real exchange rate depreciation; ii. Increase of
international reserves; iii. Lower exports competitiveness; iv. trade surplus;
v. Current account surplus.
6.
Question 6
Please select which of the following assertions
are TRUE:
0.75 / 1 point
A balance of payments is composed of current
account plus capital and financial account plus errors and omissions.
If a monetary authority wishes to pursue a
contractionary monetary policy, it may do so by buying government bonds.
A country that posts a trade surplus of US$ 35
bn, current account surplus of US$ 10 bn, a deficit in the balance of services
of US$ 30 bn, then the number of unilateral transfers is US$ 5 bn.
The more a country grows, the higher its
imports.
