A) equal to gross investment less replacement investment. B) equal to gross investment plus replacement investment. C) always positive. D) always negative. E) equal to government savings A) equal to gross investment less replacement investment. B) equal to gross investment plus replacement investment. C) always positive. D) always negative. E) equal to government savings

Exam 5: Spending and Output in the Short Run

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 to real GDP in 2011 was _

(Multiple Choice)

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Question 81

A drawback of using market values to aggregate the quantities of goods and services produced in an economy is that

(Multiple Choice)

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Question 82

Who of the following would be classified as employed?

(Multiple Choice)

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Question 83

If a firm produces 100 units of a particular good during a year and,of these,only 90 units are sold during the same year,then the 10 unsold units are treated as the firm's inventory investment expenditure for the year,as if the firm had bought the items for its stock of inventories from itself.For the economy as a whole,this accounting practice ensures that

(Multiple Choice)

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Question 84

Which of the following would be included in the calculation of GDP for 2012?

(Multiple Choice)

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Question 85

Final goods and services are _ production and __ counted in GDP.

(Multiple Choice)

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Question 86

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 real GDP in the year 2012?

(Multiple Choice)

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Question 87

The market value of all domestically-produced final goods and services is also equal to the total amount spent by ______________,less spending on imported goods and services.

(Multiple Choice)

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Question 88

-Refer to the table above.What are the economy's net exports?

(Multiple Choice)

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Question 89

Countries with high real GDP per capita tend to have infant mortality rates and literacy rates than countries with low real GDP per capita.

(Multiple Choice)

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Question 90

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 DeLux Popcorn Co.?

(Multiple Choice)

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Question 91

The sum of the value added by all firms equals total

(Multiple Choice)

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Question 92

Real GDP may be calculated by dividing _ by _.

(Multiple Choice)

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Question 93

Net investment is

(Multiple Choice)

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Question 94

In the year 2012,Pete Rich purchases a painting done by Rembrandt in 1,642 for $20 million.He also pays a one percent commission to the auction house that sold the painting.What is the contribution of this transaction to GDP in the year 2012?

(Multiple Choice)

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Question 95

From an economic perspective,the main cost of unemployment is

(Multiple Choice)

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Question 96

Real GDP measures the _ of production and nominal GDP measures the _ of production.

(Multiple Choice)

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Question 97

In a small town of 100 people,there are 10 children under 15,10 retired people,60 people with full-time jobs,3 people with part-time jobs,3 full-time students aged 15 and over,and 4 full-time homemakers.The remaining people do not have jobs,but want them.All but one of these has actively looked for a job in the last four weeks.What is the unemployment rate in this town?

(Multiple Choice)

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Question 98

If prices in the current year are higher on average than in the base year,then real GDP in the current year _________ nominal GDP in the current year.

(Multiple Choice)

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Question 99

The following table shows the production and prices of an economy's only two goods,TVs and computers,in 2003 and 2009.Assume that 2003 is the base year. -Over the period from 2003 to 2009,nominal GDP grew by and real GDP grew by .

(Multiple Choice)

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Question 100

Showing 81 - 100 of 207

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 to real GDP in 2011 was _

A drawback of using market values to aggregate the quantities of goods and services produced in an economy is that

Who of the following would be classified as employed?

Which of the following would be included in the calculation of GDP for 2012?

Final goods and services are _ production and __ counted in GDP.

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 real GDP in the year 2012?

The market value of all domestically-produced final goods and services is also equal to the total amount spent by ______________,less spending on imported goods and services.

-Refer to the table above.What are the economy's net exports?

Countries with high real GDP per capita tend to have infant mortality rates and literacy rates than countries with low real GDP per capita.

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 DeLux Popcorn Co.?

The sum of the value added by all firms equals total

Real GDP may be calculated by dividing _ by _.

Net investment is

In the year 2012,Pete Rich purchases a painting done by Rembrandt in 1,642 for $20 million.He also pays a one percent commission to the auction house that sold the painting.What is the contribution of this transaction to GDP in the year 2012?

From an economic perspective,the main cost of unemployment is

Real GDP measures the _ of production and nominal GDP measures the _ of production.

If prices in the current year are higher on average than in the base year,then real GDP in the current year _________ nominal GDP in the current year.

The following table shows the production and prices of an economy's only two goods,TVs and computers,in 2003 and 2009.Assume that 2003 is the base year. -Over the period from 2003 to 2009,nominal GDP grew by and real GDP grew by .

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

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 to real GDP in 2011 was _________

A drawback of using market values to aggregate the quantities of goods and services produced in an economy is that

Who of the following would be classified as employed?

Which of the following would be included in the calculation of GDP for 2012?

Final goods and services are _______ production and ________ counted in GDP.

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 real GDP in the year 2012?

The market value of all domestically-produced final goods and services is also equal to the total amount spent by ______________,less spending on imported goods and services.

-Refer to the table above.What are the economy's net exports?

Countries with high real GDP per capita tend to have ______ infant mortality rates and ______ literacy rates than countries with low real GDP per capita.

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 DeLux Popcorn Co.?

The sum of the value added by all firms equals total

Real GDP may be calculated by dividing _______ by _______.

Net investment is

In the year 2012,Pete Rich purchases a painting done by Rembrandt in 1,642 for $20 million.He also pays a one percent commission to the auction house that sold the painting.What is the contribution of this transaction to GDP in the year 2012?

From an economic perspective,the main cost of unemployment is

Real GDP measures the _______ of production and nominal GDP measures the _______ of production.

If prices in the current year are higher on average than in the base year,then real GDP in the current year _________ nominal GDP in the current year.

The following table shows the production and prices of an economy's only two goods,TVs and computers,in 2003 and 2009.Assume that 2003 is the base year. -Over the period from 2003 to 2009,nominal GDP grew by ________ and real GDP grew by ________.

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

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 to real GDP in 2011 was _

Final goods and services are _ production and __ counted in GDP.

Countries with high real GDP per capita tend to have infant mortality rates and literacy rates than countries with low real GDP per capita.

Real GDP may be calculated by dividing _ by _.

Real GDP measures the _ of production and nominal GDP measures the _ of production.

The following table shows the production and prices of an economy's only two goods,TVs and computers,in 2003 and 2009.Assume that 2003 is the base year. -Over the period from 2003 to 2009,nominal GDP grew by and real GDP grew by .