Question 1

Investment,as defined by economists,would include the purchase of a

Accepted Answer

A) corporate bond. 
B) government bond. 
C) share of stock in ExxonMobil. 
D) computer by an accounting firm. 
A) corporate bond. 
B) government bond. 
C) share of stock in ExxonMobil. 
D) computer by an accounting firm.

Question 2

Real GDP per capita is calculated by dividing the value of real GDP for a country by the country's adult population.

Accepted Answer

A) True 
 B)False

Question 3

In 2013,the U.S.auto industry experienced rising sales.The automobile industry was experiencing the effects of

Accepted Answer

A) inflation. 
B) the underground economy. 
C) the business cycle. 
D) depreciation. 
A) inflation. 
B) the underground economy. 
C) the business cycle. 
D) depreciation.

Question 4

If the GDP deflator is equal to 100,then for that year nominal GDP is equal to real GDP.

Accepted Answer

A) True 
 B)False

Question 5

If nominal GDP is $5 trillion and real GDP is $4 trillion,the GDP deflator is

Accepted Answer

A) 12.5. 
B) 80. 
C) 125. 
D) 800. 
A) 12.5. 
B) 80. 
C) 125. 
D) 800.

Question 6

Which of the following equations correctly measures GDP in an economy?

Accepted Answer

A) GDP = C + I + G + X 
B) GDP = C + net I + G + NX 
C) GDP = C + I + G + NX 
D) GDP = C + G + I - taxes 
A) GDP = C + I + G + X 
B) GDP = C + net I + G + NX 
C) GDP = C + I + G + NX 
D) GDP = C + G + I - taxes

Investment,as defined by economists,would include the purchase of a

Real GDP per capita is calculated by dividing the value of real GDP for a country by the country's adult population.

In 2013,the U.S.auto industry experienced rising sales.The automobile industry was experiencing the effects of

If the GDP deflator is equal to 100,then for that year nominal GDP is equal to real GDP.

If nominal GDP is $5 trillion and real GDP is $4 trillion,the GDP deflator is

Which of the following equations correctly measures GDP in an economy?

Economics: Foundations and Models

Trade-Offs,comparative Advantage,and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency, government Price Setting, and Taxes

The Economics of Health Care

Firms,the Stock Market,and Corporate Governance

Comparative Advantage and the Gains From International Trade

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money, banks, and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

Filters

Exam 8: GDP: Measuring Total Production and Income

Investment,as defined by economists,would include the purchase of a

Real GDP per capita is calculated by dividing the value of real GDP for a country by the country's adult population.

In 2013,the U.S.auto industry experienced rising sales.The automobile industry was experiencing the effects of

If the GDP deflator is equal to 100,then for that year nominal GDP is equal to real GDP.

If nominal GDP is $5 trillion and real GDP is $4 trillion,the GDP deflator is

Which of the following equations correctly measures GDP in an economy?

Economics: Foundations and Models

Trade-Offs,comparative Advantage,and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency, government Price Setting, and Taxes

The Economics of Health Care

Firms,the Stock Market,and Corporate Governance

Comparative Advantage and the Gains From International Trade

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money, banks, and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

Filters