Macronomics
Capstone Challenge

The Final Exam

All 140 questions from all 28 terms, shuffled into a single sitting — a real mixed test of everything from GDP mechanics to CRR history. Score 90% or above for “Chief Economist material.”

Question 1 of 140Score: 0

Why might classifying a loan to a state government as "capital expenditure" be a limitation of the headline capex figure?