Exam 5: Introduction to Macroeconomics

When the National Activity Index is at zero, the economy is growing at ___ rates. Negative values imply _ trends. Positive values imply that growth is ___ the long-term trend.

(Multiple Choice)

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Question 101

Cities in Colombia have the option to designate "tolerance zones" where prostitution is legal. How would Colombia's GDP be affected if prostitution were made illegal?

(Essay)

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Question 102

John Maynard Keynes devised the framework for developing policies to avoid future severe macroeconomic downturns.

(True/False)

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Question 103

(Table) According to the table, when using the expenditure approach, GDP is

(Multiple Choice)

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Question 104

Everything else the same, if investment expenditures rise by $300 billion and imports increase by $300 billion, then GDP

(Multiple Choice)

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Question 105

The proprietors' income component of the income approach to calculating GDP must be adjusted by an allowance to account for depreciating equipment.

(True/False)

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Question 106

Which statement does NOT describe an adjustment to national income to obtain GDP?

(Multiple Choice)

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Question 107

The national income and product accounts do all of these EXCEPT

(Multiple Choice)

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Question 108

Describe the parts of a typical business cycle. How does the business cycle differ from the trend line?

(Essay)

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Question 109

Which statement is TRUE in the case of the simple circular flow model with no savings?

(Multiple Choice)

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Question 110

China's GDP per capita would have been higher if not for the deterioration in its environment.

(True/False)

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Question 111

In the income approach to calculating GDP, net interest is the interest paid by businesses plus the interest they receive.

(True/False)

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Question 112

Econoland and Macroland are neighboring countries. Which of these would NOT be included in the GDP of Econoland?

(Multiple Choice)

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Question 113

If a country's GDP per capita is $86,000, then a typical married couple earns $172,000 per year.

(True/False)

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Question 114

Which statement is TRUE about business cycles?

(Multiple Choice)

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Question 115

The national income and product accounts provide

(Multiple Choice)

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Question 116

Which statement about environmental quality and economic activity is TRUE?

(Multiple Choice)

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Question 117

Which phase of the business cycle occurs immediately before a trough?

(Multiple Choice)

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Question 118

If in the past, you always painted your own house but now you hire a painting contractor to do the work, what effect does this have on GDP?

(Multiple Choice)

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Question 119

At the peak of the business cycle, the economy is typically operating

(Multiple Choice)

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Question 120

Showing 101 - 120 of 306

When the National Activity Index is at zero, the economy is growing at ___ rates. Negative values imply _ trends. Positive values imply that growth is ___ the long-term trend.

Cities in Colombia have the option to designate "tolerance zones" where prostitution is legal. How would Colombia's GDP be affected if prostitution were made illegal?

John Maynard Keynes devised the framework for developing policies to avoid future severe macroeconomic downturns.

(Table) According to the table, when using the expenditure approach, GDP is

Everything else the same, if investment expenditures rise by $300 billion and imports increase by $300 billion, then GDP

The proprietors' income component of the income approach to calculating GDP must be adjusted by an allowance to account for depreciating equipment.

Which statement does NOT describe an adjustment to national income to obtain GDP?

The national income and product accounts do all of these EXCEPT

Describe the parts of a typical business cycle. How does the business cycle differ from the trend line?

Which statement is TRUE in the case of the simple circular flow model with no savings?

China's GDP per capita would have been higher if not for the deterioration in its environment.

In the income approach to calculating GDP, net interest is the interest paid by businesses plus the interest they receive.

Econoland and Macroland are neighboring countries. Which of these would NOT be included in the GDP of Econoland?

If a country's GDP per capita is $86,000, then a typical married couple earns $172,000 per year.

Which statement is TRUE about business cycles?

The national income and product accounts provide

Which statement about environmental quality and economic activity is TRUE?

Which phase of the business cycle occurs immediately before a trough?

If in the past, you always painted your own house but now you hire a painting contractor to do the work, what effect does this have on GDP?

At the peak of the business cycle, the economy is typically operating

Exploring Economics

Production, Economic Growth, and Trade

Supply and Demand

Markets and Government

Measuring Inflation and Unemployment

Economic Growth

Aggregate Expenditures

Aggregate Demand and Supply

Fiscal Policy and Debt

Saving, Investment, and the Financial System

Money Creation and the Federal Reserve

Monetary Policy

Macroeconomic Policy: Challenges in a Global Economy

International Trade

Open Economy Macroeconomics

Filters

Exam 5: Introduction to Macroeconomics

When the National Activity Index is at zero, the economy is growing at _____ rates. Negative values imply _____ trends. Positive values imply that growth is _____ the long-term trend.

Cities in Colombia have the option to designate "tolerance zones" where prostitution is legal. How would Colombia's GDP be affected if prostitution were made illegal?

John Maynard Keynes devised the framework for developing policies to avoid future severe macroeconomic downturns.

(Table) According to the table, when using the expenditure approach, GDP is

Everything else the same, if investment expenditures rise by $300 billion and imports increase by $300 billion, then GDP

The proprietors' income component of the income approach to calculating GDP must be adjusted by an allowance to account for depreciating equipment.

Which statement does NOT describe an adjustment to national income to obtain GDP?

The national income and product accounts do all of these EXCEPT

Describe the parts of a typical business cycle. How does the business cycle differ from the trend line?

Which statement is TRUE in the case of the simple circular flow model with no savings?

China's GDP per capita would have been higher if not for the deterioration in its environment.

In the income approach to calculating GDP, net interest is the interest paid by businesses plus the interest they receive.

Econoland and Macroland are neighboring countries. Which of these would NOT be included in the GDP of Econoland?

If a country's GDP per capita is $86,000, then a typical married couple earns $172,000 per year.

Which statement is TRUE about business cycles?

The national income and product accounts provide

Which statement about environmental quality and economic activity is TRUE?

Which phase of the business cycle occurs immediately before a trough?

If in the past, you always painted your own house but now you hire a painting contractor to do the work, what effect does this have on GDP?

At the peak of the business cycle, the economy is typically operating

Exploring Economics

Production, Economic Growth, and Trade

Supply and Demand

Markets and Government

Measuring Inflation and Unemployment

Economic Growth

Aggregate Expenditures

Aggregate Demand and Supply

Fiscal Policy and Debt

Saving, Investment, and the Financial System

Money Creation and the Federal Reserve

Monetary Policy

Macroeconomic Policy: Challenges in a Global Economy

International Trade

Open Economy Macroeconomics

Filters

When the National Activity Index is at zero, the economy is growing at ___ rates. Negative values imply _ trends. Positive values imply that growth is ___ the long-term trend.