CLEP Principles of Macroeconomics case studies
CLEP Principles of Macroeconomics · Put your knowledge to work in context.
The CLEP Principles of Macroeconomics exam is one of the College Level Examination Program subject tests offered through the College Board. It is designed for students who have already acquired college-level knowledge of macroeconomics - through coursework, self-study, or independent reading - and who want to demonstrate that knowledge to earn college credit rather than repeat introductory material. The CLEP Principles of Macroeconomics case studies are 5 cases and about 4,148 words.
1Two Coastal Economies Weigh a Trade Agreement
Northport and Southbay are neighboring coastal economies, each with 200 workers, producing only fish and lumber. In Northport one worker can produce either 12 tons of fish or 8 tons of lumber per month.
826 words, about 4 min2The Statistics Minister's 9 Percent Announcement
The national accounts office of a small open economy must publish 2023 GDP. Its survey data, in billions of dollars, show: households buy 420 of domestically produced consumer goods (a figure that already includes 1.5 of real-estate commissions on resold homes) and 80 of imported consumer goods; firms buy 150 of new machinery, of which 30 is imported; inventories rise by 10; new residential construction is 30; government buys 120 of goods and services and pays 45 in pensions and unemployment benefits; exports are 90 and imports total 110; a manufacturer uses 25 of steel in producing this year's output; existing homes are resold for 25; households buy 60 of shares from other households.
791 words, about 4 min3A Central Bank Purchase That May Not Become Money
In Valdoria the central bank sets a 10 percent required reserve ratio on checkable deposits. Commercial banks hold 2,000 billion in checkable deposits and 260 billion in reserves.
810 words, about 4 min4An Energy Shock, Two Boardroom Camps
In 2024 the economy of Marland is hit by a 60 percent jump in imported energy prices. Twelve-month headline CPI inflation is 6.4 percent; core inflation, excluding food and energy, is 2.9 percent.
891 words, about 4 min5A Rate Hike, a Stronger Currency, and Angry Exporters
Calis produces electronics and imports most of its oil. It has a floating exchange rate, an open capital account, and an independent central bank.
830 words, about 4 min