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WGU Global-Economics-for-Managers Exam Syllabus Topics:

WGU Global Economics for Managers (C211, UZC2) Sample Questions:

Question #1

What is true about gross domestic product (GDP)?

A. It includes the income of citizens working abroad.
B. Its year-to-year percentage change represents the inflation rate.
C. It is thought to be the single best measure of a society's economic well-being.
D. It places heavier weight on intangible services than tangible goods.

Question #2

The marginal revenue from producing a smartphone is $200, and the marginal cost is $150. What is the best action for the firm?

A. Exit the market altogether
B. Pause production
C. Increase production
D. Decrease production

Question #3

Which statement about the GDP deflator is true?

A. Its percentage change from one year to the next is the inflation rate.
B. It follows a nearly strict decreasing pattern from a base year.
C. It includes fewer core economic measurements than GDP.
D. It is a more reliable indicator of economic well-being than real GDP.

Question #4

Which statement about Federal Reserve lending to banks is true?

A. Banks pay the discount rate when borrowing funds from the Fed.
B. Banks set consumer interest rates at the discount rate.
C. The discount rate is changed annually.
D. Fed lending to banks follows an overall uptrend.

Question #5

What are represented by informal institutions?

A. Rules
B. Ethics
C. Regulations
D. Written laws

Solutions: