Exam 21: Measuring National Output and National Income
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Exam 21: Measuring National Output and National Income292 Questions
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Exam 23: Aggregate Expenditure and Equilibrium Output355 Questions
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Exam 35: Economic Growth in Developing Economies133 Questions
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Refer to the information provided in Table 21.5 below to answer the question(s) that follow.
Table 21.5
-Refer to Table 21.5. The value for gross private domestic investment in billions of dollars is

Free
(Multiple Choice)
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Correct Answer:
D
If nominal GDP falls, then so must real GDP.
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(True/False)
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Correct Answer:
False
Refer to the information provided in Table 21.7 below to answer the question(s) that follow.
Table 21.7
-Refer to Table 21.7. The value for gross domestic product in billions of dollars is

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(Multiple Choice)
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Correct Answer:
C
Refer to the information provided in Table 21.1 below to answer the question(s) that follow.
Table 21.1
-Refer to Table 21.1. The value of gross domestic product in billions of dollars is

(Multiple Choice)
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Which of the following is an example of a final good or service?
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If gross investment in 2017 is $200 billion and depreciation in 2017 is $1,000 billion, net investment in 2017 is
(Multiple Choice)
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The only component of GDP which can have a negative value is
(Multiple Choice)
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What type of tax affects the amount of money you pay for a product?
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Related to the Economics in Practice on p. 432: The economist most closely associated with the development of the National Income and Product Accounts (NIPAs) is
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Refer to the information provided in Table 21.2 below to answer the question(s) that follow.
Table 21.2
-Refer to Table 21.2. The value of government spending in billions of dollars is

(Multiple Choice)
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If GNP is $200 billion, receipts of factor income from the rest of the world are $10 billion, and payments of factor income to the rest of the world are $30 billion, then GDP is
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Refer to the information provided in Table 21.3 below to answer the question(s) that follow.
Table 21.3
-Refer to Table 21.3. The value for gross domestic product in billions of dollars is

(Multiple Choice)
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If personal income is $700 billion and personal income taxes are $140 billion, the value of disposable personal income is
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