Credit Sprint / Practice problems
Practice problems
Worked calculation problems for every formula on the AP® and CLEP® macro and micro exams.
Microeconomics
Price elasticity of demand (midpoint)Micro Unit 2 · 6 worked problemsTotal revenue and elasticityMicro Unit 2 · 6 worked problemsEquilibrium from supply and demand equationsMicro Unit 2 · 6 worked problemsConsumer surplusMicro Unit 2 · 6 worked problemsTax revenue and deadweight lossMicro Unit 2 · 6 worked problemsMarginal costMicro Unit 3 · 6 worked problemsAverage total costMicro Unit 3 · 6 worked problemsEconomic profit in perfect competitionMicro Unit 3 · 6 worked problemsMonopoly priceMicro Unit 4 · 6 worked problemsMarginal revenue productMicro Unit 5 · 6 worked problemsProfit-maximizing hiringMicro Unit 5 · 6 worked problemsOpportunity cost (micro)Micro Unit 1 · 6 worked problems
Macroeconomics
Spending multiplierUnit 3 · 6 worked problemsTax multiplierUnit 3 · 6 worked problemsClosing an output gapUnit 3 · 6 worked problemsMoney multiplier and money creationUnit 4 · 6 worked problemsOpen market operationsUnit 4 · 6 worked problemsUnemployment rateUnit 2 · 6 worked problemsReal GDP and the GDP deflatorUnit 2 · 6 worked problemsInflation rate with the CPIUnit 2 · 6 worked problemsReal interest rateUnit 4 · 6 worked problemsEconomic growth rateUnit 5 · 6 worked problemsRule of 70Unit 5 · 6 worked problemsGDP from its componentsUnit 2 · 6 worked problemsQuantity theory of moneyUnit 5 · 6 worked problemsExchange rate conversionsUnit 6 · 6 worked problemsOpportunity costUnit 1 · 6 worked problems