Exam 19: Introduction to Macroeconomics and Gross Domestic Product
Exam 1: Five Foundations of Economics174 Questions
Exam 2: Model Building and Gains From Trade174 Questions
Exam 3: The Market at Work: Supply and Demand160 Questions
Exam 4: Elasticity170 Questions
Exam 5: Market Outcomes and Tax Incidence175 Questions
Exam 6: Price Controls156 Questions
Exam 7: Market Inefficiencies: Externalities and Public Goods171 Questions
Exam 8: Business Costs and Production175 Questions
Exam 9: Firms in a Competitive Market158 Questions
Exam 10: Understanding Monopoly175 Questions
Exam 11: Price Discrimination175 Questions
Exam 12: Monopolistic Competition and Advertising173 Questions
Exam 13: Oligopoly and Strategic Behavior158 Questions
Exam 14: The Demand and Supply of Resources154 Questions
Exam 15: Income,inequality,and Poverty182 Questions
Exam 16: Consumer Choice144 Questions
Exam 17: Behavioral Economics and Risk Taking145 Questions
Exam 18: Health Insurance and Health Care172 Questions
Exam 19: Introduction to Macroeconomics and Gross Domestic Product174 Questions
Exam 20: Unemployment171 Questions
Exam 21: The Price Level and Inflation174 Questions
Exam 22: Savings,interest Rates,and the Market for Loanable Funds175 Questions
Exam 23: Financial Markets and Securities169 Questions
Exam 24: Economic Growth and the Wealth of Nations166 Questions
Exam 25: Growth Theory166 Questions
Exam 26: The Aggregate Demandaggregate Supply Model147 Questions
Exam 27: The Great Recession, the Great Depression, and Great Macroeconomic Debates167 Questions
Exam 28: Federal Budgets: the Tools of Fiscal Policy174 Questions
Exam 29: Fiscal Policy168 Questions
Exam 30: Money and the Federal Reserve174 Questions
Exam 31: Monetary Policy158 Questions
Exam 32: International Trade159 Questions
Exam 33: International Finance159 Questions
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Explain the difference between gross domestic product (GDP)and the older concept of gross national product (GNP).
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The phase of the business cycle where economic activity is decreasing is called
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A doctor receives $50,000 per month from her patients (and their insurance companies)as payment for her services.Each month she buys medical supplies for $10,000 and she pays a lab $15,000 for analyzing slides.The total contribution to gross domestic product (GDP)this month is
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When an unemployed worker receives a payment from the government as a result of being unemployed,it is
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Real gross domestic product (GDP)would be a better measure of economic well-being if it included the value of
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A company produces a computer.It pays $100 for the keyboard and outer case,$200 for the internal hardware,and $100 for the software.It sells the computer to a consumer for $500.The contribution to gross domestic product (GDP)is
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The best measure of the average living standards of people in the country is the
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What does economics research have to say about the old adage that money can't buy happiness? Be specific.
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Assuming the price level increased,real gross domestic product (GDP)is greater than nominal GDP if the current period is ________ the base period,and real GDP is less than nominal GDP if the current year is ________ the base period.
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The table shows a series of market transactions in the life of an automobile.Describe two different ways that these transactions could contribute to gross domestic product (GDP)for the years 2017 and 2018.Which way is used in practice?


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The difference between microeconomics and macroeconomics is a matter of
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How does the focus of macroeconomics differ from that of microeconomics when it comes to income,output,employment,and prices?
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When you buy a new car built by Ford,it is included in the ________ category of gross domestic product (GDP).
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Country A has a gross domestic product (GDP)of $200,000 and a population of 1,000.Country B has a GDP of $400,000 and a population of 4,000.Which of the following is true?
(Multiple Choice)
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Ford produces 100,000 cars this year and only sells 95,000.The 5,000 cars that are not sold ________ listed in ________ category of gross domestic product (GDP).
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The four major expenditure categories of gross domestic product (GDP)are
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Many economists say that the Great Recession of 2007-2009,rather than being simply an unusually long cyclical contraction,produced permanent changes in the economy.How is this claim supported by the graph,shown below,of U.S.real gross domestic product (GDP)since the year 1993?


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The sale of American-grown corn to China is included in the ________ category of gross domestic product (GDP).
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