Chat with AIExam 21: Measuring National Output and National Income
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Exam 21: Measuring National Output and National Income292 Questions
Exam 22: Unemployment, Inflation, and Long-Run Growth297 Questions
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Refer to the information provided in Table 21.8 below to answer the question(s) that follow.
Table 21.8 
-Refer to Table 21.8. The value for GNP in billions of dollars is
-Refer to Table 21.8. The value for GNP in billions of dollars is (Multiple Choice)
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(48) Refer to the information provided in Table 21.9 below to answer the question(s) that follow.
Table 21.9 
-Refer to Table 21.9. Assume that this economy produces only two goods Good X and Good Y. The value for this economy's nominal GDP in year 1 is
-Refer to Table 21.9. Assume that this economy produces only two goods Good X and Good Y. The value for this economy's nominal GDP in year 1 is (Multiple Choice)
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(37) The GDP deflator in year 4 is 120 and the GDP deflator in year 5 is 130. The rate of inflation between years 4 and 5 is
(Multiple Choice)
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(48) If nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is
(Multiple Choice)
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(26) Refer to the information provided in Table 21.9 below to answer the question(s) that follow.
Table 21.9
-Refer to Table 21.9. Assume that this economy produces only two goods Good X and Good Y. If year 1 is the base year, the value for this economy's real GDP in year 2 is
-Refer to Table 21.9. Assume that this economy produces only two goods Good X and Good Y. If year 1 is the base year, the value for this economy's real GDP in year 2 is (Multiple Choice)
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(33) 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 government spending in billions of dollars is
-Refer to Table 21.1. The value of government spending in billions of dollars is (Multiple Choice)
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(37) Refer to the information provided in Table 21.6 below to answer the question(s) that follow.
Table 21.6 
-Refer to Table 21.6. The value for gross private domestic investment in billions of dollars is
-Refer to Table 21.6. The value for gross private domestic investment in billions of dollars is (Multiple Choice)
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(38) The GDP of the United States in 2014 was around $17.4 trillion. This means
(Multiple Choice)
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(35) A company produced 8 dishwasher machines in 2015. The company sold 6 in 2015 and added 2 to its inventories. The market value of the dishwasher machines in 2015 was $200 per unit. What is the value of this company's output that will be included in the 2015 GDP?
(Multiple Choice)
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(40) If NNP is $175 billion and depreciation is $20 billion, then GDP
(Multiple Choice)
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(45) 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 national income in billions of dollars is
-Refer to Table 21.3. The value for national income in billions of dollars is (Multiple Choice)
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