Ap econ test
[DOC File]AP Macroeconomics Formulas and Definitions:
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AP Macroeconomics Formulas and Definitions: Key Formulas. Rule of 70: Used to determine how many years it takes for a value to double, given a particular annual growth rate. For example, if you put $20,000 in the bank and it earns yearly interest of 7%, then it will take 10 years (70/7) for your income to double. 70/x = # years to double where x equals growth rate. Y = C + I + G + NX – the ...
[DOC File]Unit 3 Retake / Practice Test AP Macroeconomics Krugman ...
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Unit 3 Practice Test AP Macroeconomics Krugman Text . Multiple Choice. Identify the choice that best completes the statement or answers the question. ____ 1. The marginal propensity to consume is: A. increasing if the marginal propensity to save is increasing. B. the proportion of total disposable income that the average family consumes. C. the change in consumer spending divided by the change ...
[DOC File]AP MICROECONOMICS UNIT #2
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TEST PRACTICE: will work on in class the day before the test. Sample Multiple Choice. Sample Free Response. Also done in class throughout the unit. TEST. Unit Test #2 including multiple choice and FRQs. VOCABULARY Markets. Demand. Quantity demanded. Law of demand. Determinants of demand. Substitute good. Complementary good. Normal good ...
[DOC File]The AP Macroeconomics Exam - Weebly
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The AP Macroeconomics Exam is two hours and 10 minutes long. In Section I, students are given 70 minutes to answer 60 multiple-choice questions; in Section II, they must answer three required free-response questions in 50 minutes -- one longer essay and two shorter essays. There is a 10-minute reading period at the beginning of Section II. % of Grade. Number of Questions. Time Allotted ...
[DOC File]AP MICROECONOMICS UNIT #1
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TEST PRACTICE: will work on in class the day before the test. Sample Multiple Choice. Sample Free Response. TESTS Unit Test #1 with multiple choice and FRQs OBJECTIVES. List and discuss the four types of resources. List the assumptions of the production possibilities table/curve. Discuss the possible applications of production possibilities analysis. Identify the 3 economic questions and ...
[DOC File]ECONOMICS CHAPTER 3 TEST
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ECONOMICS CHAPTER 3 TEST. Answer Section. TRUE/FALSE. 1. ANS: T PTS: 1 DIF: Average REF: Learn more about this question in Economics Principles and Practices, page 64, and in the Reading Essentials and Study Guide, Chapter 3, Section 1. For additional practice, complete Chapter 3, Section 1, of the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at epp ...
[DOC File]AP ECONOMICS CHAPTER 1 STUDY GUIDE
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D) the two products are of equal value to the econ. 22. Which statement is an economic rationale for the law of increasing opportunity cost? A) The economy is employing all of its available resources. B) Many economic resources are better at producing one product than another.
[DOC File]Cheat Sheet for AP Economics
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Calculations Sheet for AP Economics Exam Review. Chapter 1: Slope: rise/run. Equation of a line: y=mx+b. Chapter 2: Factors of Production – land labor capital entrepreneurial ability. Factor income: WRIP. Most optimal point of production on PPC: MB=MC. Chapter 3: Demand determinants: PINTE. Supply determinants: PRENTT . Shortage = QD-QS. Surplus = QS - QD. Chapter 6: Gross Domestic …
[DOC File]AP MACRO ECONOMICS / REVIEW SHEET / TEST MODULES 10-15 ...
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AP MACRO ECONOMICS / REVIEW SHEET / TEST MODULES 10-15 KRUGMAN/ MR. LIPMAN. 1. Circular flow diagram. 2. GDP = C + I + G + Xn (only measures production of final goods) consumption. investment. government purchases (not transfer payments) imports - exports. used goods (not counted) intermediate goods (not counted) 3. Real GDP vs. Nominal GDP . P x Q. Real = base year price x real …
AP Macroeconomics
AP Test Date: Macroeconomics May 15, 2008 8:00 a.m. Class materials—brought to class daily : Textbook, study guides, notebook, pen/pencil, folder Grading & Attendance Policy
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