Exam 5: Spending and Output in the Short Run

In high-income countries,female youths are male youths to be enrolled in secondary education,and in the less developed countries,female youths are male youths to be enrolled in secondary education.

(Multiple Choice)

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Question 21

An economy produces 1,000,000 computers valued at $2,000 each.Households purchase 200,000 computers,of which 100,000 are imported.Businesses purchase 300,000 domestically-produced computers.The government purchases 300,000 domestically-produced computers,and 100,000 domestically-produced computers are sold abroad.The unsold computers at the end of the year are held in inventory by the computer manufacturers.What is the value of GDP?

(Multiple Choice)

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Question 22

Labour income includes

(Multiple Choice)

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Question 23

Which of the following would increase the consumption component of Canada's GDP?

(Multiple Choice)

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Question 24

Which of the following would increase the consumption component of Canada's GDP?

(Multiple Choice)

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Question 25

If Turkey has substantially less foreign investment income entering the country than leaving,then we might expect

(Multiple Choice)

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Question 26

Three equivalent ways to measure GDP are total _,total ,and total _.

(Multiple Choice)

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Question 27

Corporate and like profits before taxes are examples of

(Multiple Choice)

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Question 28

In the base year,real GDP ______ nominal GDP.

(Multiple Choice)

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Question 29

Real GDP measures the _________ of current production.

(Multiple Choice)

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Question 30

Bob's Barber Shop gave 3,000 haircuts in the year 2011 and 3,100 in the year 2012.The price of a haircut was $7 in 2011 and $8 in 2012.If the year 2011 is the base year,what was Bob's contribution to nominal GDP in the year 2011?

(Multiple Choice)

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Question 31

If business inventories equal $40 billion at the beginning of the year and equal $55 billion at the end of the year,then GDP has

(Multiple Choice)

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Question 32

The total market value of production in an economy must equal the total value of

(Multiple Choice)

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Question 33

Capital goods are treated as _ goods and,therefore,_ GDP.

(Multiple Choice)

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Question 34

Data for an economy show that the unemployment rate is 6%,the participation rate is 60%,and 200 million people 15 years or older are not in the labour force.How many people are in the working-age population in this economy?

(Multiple Choice)

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Question 35

Data for an economy show that the unemployment rate is 6%,the participation rate is 60%,and 200 million people 15 years or older are not in the labour force.How many people are unemployed in this economy?

(Multiple Choice)

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Question 36

Gross national product is the

(Multiple Choice)

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Question 37

Peg's Manicure Manor did 4,000 sets of nails in the year 2011 and 4,500 sets of nails in the year 2012.The price of a set of nails was $20 in 2011 and $22 in 2012.If the year 2011 is the base year,Peg's contribution to nominal GDP in 2011 was _ and in 2012 was _.

(Multiple Choice)

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Question 38

A jar of DeLux popcorn,ultimately sold to a customer at Friendly Groceries,is produced by the following production process: -What is the value added of Fulton Family Farm?

(Multiple Choice)

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Question 39

In recent years,Statistics Canada has released two special (supplementary)unemployment rates that include estimates of the number of discouraged and part-time workers.The official unemployment rate,along with the two supplementary rates,is shown in the chart for the period 1997 to 2006. -The evidence in the chart indicates that the official unemployment rate moves closely with

(Multiple Choice)

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Question 40

Showing 21 - 40 of 207

In high-income countries,female youths are male youths to be enrolled in secondary education,and in the less developed countries,female youths are male youths to be enrolled in secondary education.

Labour income includes

Which of the following would increase the consumption component of Canada's GDP?

Which of the following would increase the consumption component of Canada's GDP?

If Turkey has substantially less foreign investment income entering the country than leaving,then we might expect

Three equivalent ways to measure GDP are total _,total ,and total _.

Corporate and like profits before taxes are examples of

In the base year,real GDP ______ nominal GDP.

Real GDP measures the _________ of current production.

Bob's Barber Shop gave 3,000 haircuts in the year 2011 and 3,100 in the year 2012.The price of a haircut was $7 in 2011 and $8 in 2012.If the year 2011 is the base year,what was Bob's contribution to nominal GDP in the year 2011?

If business inventories equal $40 billion at the beginning of the year and equal $55 billion at the end of the year,then GDP has

The total market value of production in an economy must equal the total value of

Capital goods are treated as _ goods and,therefore,_ GDP.

Data for an economy show that the unemployment rate is 6%,the participation rate is 60%,and 200 million people 15 years or older are not in the labour force.How many people are in the working-age population in this economy?

Data for an economy show that the unemployment rate is 6%,the participation rate is 60%,and 200 million people 15 years or older are not in the labour force.How many people are unemployed in this economy?

Gross national product is the

Peg's Manicure Manor did 4,000 sets of nails in the year 2011 and 4,500 sets of nails in the year 2012.The price of a set of nails was $20 in 2011 and $22 in 2012.If the year 2011 is the base year,Peg's contribution to nominal GDP in 2011 was _ and in 2012 was _.

A jar of DeLux popcorn,ultimately sold to a customer at Friendly Groceries,is produced by the following production process: -What is the value added of Fulton Family Farm?

Measuring Macroeconomic Performance: Output and Prices

Measuring Macroeconomic Performance: Saving and Wealth

Measuring Macroeconomic Performance: Wages, Employment and the Labour Market

Short-Term Economic Fluctuations

Fiscal Policy

Money, Prices and the Reserve Bank

The Reserve Bank and the Economy

The Aggregate Demand - Aggregate Supply Model

Macroeconomic Policy

The Economy in the Long Run: an Introduction to Economic Growth

The Production Function Approach to Understanding Growth

Savings, Capital Formation and Comparative Economic Growth

International Trade

Exchange Rates and the Open Economy

The Balance of Payments: Net Exports and International Capital Flows

Filters

Exam 5: Spending and Output in the Short Run

In high-income countries,female youths are ________ male youths to be enrolled in secondary education,and in the less developed countries,female youths are ________ male youths to be enrolled in secondary education.

Labour income includes

Which of the following would increase the consumption component of Canada's GDP?

Which of the following would increase the consumption component of Canada's GDP?

If Turkey has substantially less foreign investment income entering the country than leaving,then we might expect

Three equivalent ways to measure GDP are total ___________,total __________,and total _________.

Corporate and like profits before taxes are examples of

In the base year,real GDP ______ nominal GDP.

Real GDP measures the _________ of current production.

Bob's Barber Shop gave 3,000 haircuts in the year 2011 and 3,100 in the year 2012.The price of a haircut was $7 in 2011 and $8 in 2012.If the year 2011 is the base year,what was Bob's contribution to nominal GDP in the year 2011?

If business inventories equal $40 billion at the beginning of the year and equal $55 billion at the end of the year,then GDP has

The total market value of production in an economy must equal the total value of

Capital goods are treated as _______ goods and,therefore,_______ GDP.

Data for an economy show that the unemployment rate is 6%,the participation rate is 60%,and 200 million people 15 years or older are not in the labour force.How many people are in the working-age population in this economy?

Data for an economy show that the unemployment rate is 6%,the participation rate is 60%,and 200 million people 15 years or older are not in the labour force.How many people are unemployed in this economy?

Gross national product is the

Peg's Manicure Manor did 4,000 sets of nails in the year 2011 and 4,500 sets of nails in the year 2012.The price of a set of nails was $20 in 2011 and $22 in 2012.If the year 2011 is the base year,Peg's contribution to nominal GDP in 2011 was _________ and in 2012 was _________.

A jar of DeLux popcorn,ultimately sold to a customer at Friendly Groceries,is produced by the following production process: -What is the value added of Fulton Family Farm?

Measuring Macroeconomic Performance: Output and Prices

Measuring Macroeconomic Performance: Saving and Wealth

Measuring Macroeconomic Performance: Wages, Employment and the Labour Market

Short-Term Economic Fluctuations

Fiscal Policy

Money, Prices and the Reserve Bank

The Reserve Bank and the Economy

The Aggregate Demand - Aggregate Supply Model

Macroeconomic Policy

The Economy in the Long Run: an Introduction to Economic Growth

The Production Function Approach to Understanding Growth

Savings, Capital Formation and Comparative Economic Growth

International Trade

Exchange Rates and the Open Economy

The Balance of Payments: Net Exports and International Capital Flows

Filters

In high-income countries,female youths are male youths to be enrolled in secondary education,and in the less developed countries,female youths are male youths to be enrolled in secondary education.

Three equivalent ways to measure GDP are total _,total ,and total _.

Capital goods are treated as _ goods and,therefore,_ GDP.

Peg's Manicure Manor did 4,000 sets of nails in the year 2011 and 4,500 sets of nails in the year 2012.The price of a set of nails was $20 in 2011 and $22 in 2012.If the year 2011 is the base year,Peg's contribution to nominal GDP in 2011 was _ and in 2012 was _.