Table 6.4 \[\begin{array}{l} \text { Table } 6.4\\ \begin{array} { c c c } \text { Year } & \text { Price Index } & \text { Nominal GDP } \\ \hline 2001 & 100 & \$ 95 \text { billion } \\ 2002 & 105 & \$ 110 \text { billion } \\ 2003 & 110 & \$ 120 \text { billion } \\ 2004 & 120 & \$ 125 \text { billion } \\ 2005 & 132 & \$ 137.5 \text { billion } \end{array} \end{array}\] -Refer to Table 6.4, which shows the price indexes and the nominal gross domestic product (GDP) for an economy from 2001 to 2005. The real GDP _____ between 2001 and 2002.

A) increased by slightly less than $10 billion B) decreased by slightly more than $5 billion C) remained constant D) increased by only about $1 billion E) increased more than $20 billion A) increased by slightly less than $10 billion B) decreased by slightly more than $5 billion C) remained constant D) increased by only about $1 billion E) increased more than $20 billion

Exam 6: Tracking the U. S. Economy.

Table 6.4 Table 6.4 Year Price Index Nominal GDP 2001 100 \ 95 billion 2002 105 \ 110 billion 2003 110 \ 120 billion 2004 120 \ 125 billion 2005 132 \ 137.5 billion -Refer to Table 6.4, which shows the price indexes and the nominal gross domestic product (GDP) for an economy from 2001 to 2005. The real GDP _____ between 2001 and 2002.

(Multiple Choice)

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Question 161

Which of the following is included as government purchases in gross domestic product (GDP)?

(Multiple Choice)

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Question 162

If 2016 is the base year and the price index in 2017 is 100, prices in 2017 are _____ than prices in 2016.

(Multiple Choice)

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Question 163

The nominal gross domestic product (GDP) for a country was $1,000 in 2003 and $1,500 in 2004. The GDP price index was 100 in 2003 and 150 in 2004. Between 2003 and 2004, real GDP _____.

(Multiple Choice)

5.0/5

(40)

Question 164

If the nominal gross domestic product (GDP) for the year 2000 was $6.2 trillion and the price index was 200, the real gross domestic product (GDP) for 2000 was _____.

(Multiple Choice)

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Question 165

Which of the following is true about the consumer price index (CPI) and the GDP price index?

(Multiple Choice)

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Question 166

If the price index is 100 in the base year, and 200 in the next year, what happened to prices?

(Multiple Choice)

4.9/5

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Question 167

Which of the following statements is true regarding leakages and injections?

(Multiple Choice)

4.8/5

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Question 168

Real gross domestic product (GDP) shows _____

(Multiple Choice)

4.8/5

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Question 169

Which of the following is an example of an intermediate good?

(Multiple Choice)

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Question 170

Which of the following is likely to be excluded from the gross domestic product (GDP) of a country?

(Multiple Choice)

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Question 171

In the double-entry bookkeeping system used to track the economy, _____

(Multiple Choice)

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Question 172

If the consumer price index (CPI) is 220 one year and 210 the next, the annual rate of inflation as measured by the CPI is approximately _____.

(Multiple Choice)

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Question 173

_____ is counting an item's value more than once.

(Multiple Choice)

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Question 174

The consumer price index (CPI) is a measure of the _____

(Multiple Choice)

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Question 175

If the value of exports equals $6.5 billion and the value of imports equals $8.0 billion in a year, then _____

(Multiple Choice)

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Question 176

Gross domestic product (GDP) is a good measure of social welfare since it includes the value of leisure time.

(True/False)

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Question 177

The GDP price index _____

(Multiple Choice)

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Question 178

Marianne and Laura are both homemakers with children. When Laura starts to work as an unpaid volunteer at a hospital, she hires Marianne to care for her young child. In this context, the gross domestic product (GDP) will _____

(Multiple Choice)

4.7/5

(36)

Question 179

If 2016 is the base year and the price index in 2017 is 109, then prices in 2017 are _____ than prices in 2016.

(Multiple Choice)

4.9/5

(39)

Question 180

Showing 161 - 180 of 211

Which of the following is included as government purchases in gross domestic product (GDP)?

If 2016 is the base year and the price index in 2017 is 100, prices in 2017 are _____ than prices in 2016.

The nominal gross domestic product (GDP) for a country was $1,000 in 2003 and $1,500 in 2004. The GDP price index was 100 in 2003 and 150 in 2004. Between 2003 and 2004, real GDP _____.

If the nominal gross domestic product (GDP) for the year 2000 was $6.2 trillion and the price index was 200, the real gross domestic product (GDP) for 2000 was _____.

Which of the following is true about the consumer price index (CPI) and the GDP price index?

If the price index is 100 in the base year, and 200 in the next year, what happened to prices?

Which of the following statements is true regarding leakages and injections?

Real gross domestic product (GDP) shows _____

Which of the following is an example of an intermediate good?

Which of the following is likely to be excluded from the gross domestic product (GDP) of a country?

In the double-entry bookkeeping system used to track the economy, _____

If the consumer price index (CPI) is 220 one year and 210 the next, the annual rate of inflation as measured by the CPI is approximately _____.

_____ is counting an item's value more than once.

The consumer price index (CPI) is a measure of the _____

If the value of exports equals $6.5 billion and the value of imports equals $8.0 billion in a year, then _____

Gross domestic product (GDP) is a good measure of social welfare since it includes the value of leisure time.

The GDP price index _____

Marianne and Laura are both homemakers with children. When Laura starts to work as an unpaid volunteer at a hospital, she hires Marianne to care for her young child. In this context, the gross domestic product (GDP) will _____

If 2016 is the base year and the price index in 2017 is 109, then prices in 2017 are _____ than prices in 2016.

The Art and Science of Economic Analysis.

Economic Tools and Economic Systems.

Economic Decision Makers.

Demand, Supply, and Markets.

Introduction to Macroeconomics.

Unemployment and Inflation.

Productivity and Growth.

Aggregate Demand.

Aggregate Supply.

Fiscal Policy.

Federal Budgets and Public Policy.

Money and the Financial System.

Banking and the Money Supply.

Monetary Theory and Policy.

Macro Policy Debate: Active or Passive?

International Trade.

International Finance.

Economic Development.

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