Exam 6: Tracking the Useconomy

If a firm hires labor for $8,000,pays rent of $4,000,buys raw materials for $13,000 from another firm,earns profits of $1,200,and sells its output for $31,000,the value added by the firm is _____.

Free

(Multiple Choice)

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Question 1

Correct Answer:

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Gross private domestic investment consists of _____.

Free

(Multiple Choice)

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Question 2

Correct Answer:

Verified

The value added by a firm is defined as:

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(Multiple Choice)

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Question 3

Correct Answer:

Verified

Which of the following is an example of an injection into the circular flow of income and expenditure?

(Multiple Choice)

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Question 4

When a firm produces and sells a refrigerator worth $1,000,its contribution to the gross domestic product (GDP)on the income side is measured by:

(Multiple Choice)

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Question 5

The circular flow model shows the flow of:

(Multiple Choice)

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Question 6

Which of the following is a problem associated with gross domestic product (GDP)as a measure of social welfare?

(Multiple Choice)

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Question 7

The circular flow model shows that:

(Multiple Choice)

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Question 8

A fixed-weight price index provides less accurate changes than a chain-weighted system.

(True/False)

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Question 9

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

(Multiple Choice)

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Question 10

If the real gross domestic product (GDP)for the base year is $4 trillion,then the nominal gross domestic product (GDP)for that year is _____.

(Multiple Choice)

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Question 11

A net increase in inventories is considered as investment for the current year.

(True/False)

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Question 12

Nominal gross domestic product (GDP)is measured in terms of the _____.

(Multiple Choice)

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Question 13

Gross domestic product (GDP)figures tend to understate the quantity of goods and services available because:

(Multiple Choice)

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Question 14

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

(Multiple Choice)

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Question 15

The consumer price index (CPI)_ inflation because it includes an item in the market basket only after the product becomes _.

(Multiple Choice)

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Question 16

Which of the following is an example of an injection into the circular flow of income and expenditure?

(Multiple Choice)

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Question 17

The immediate effect of a purchase of a government bond on the gross domestic product (GDP)is_____.

(Multiple Choice)

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Question 18

The value added at all stages of production sums to the market value of the final good,and the value added for all final goods sums to GDP based on the income approach.

(True/False)

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Question 19

Gross domestic product (GDP)decreases if the quantity of illegal drugs sold decreases.

(True/False)

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Question 20

Showing 1 - 20 of 150

If a firm hires labor for $8,000,pays rent of $4,000,buys raw materials for $13,000 from another firm,earns profits of $1,200,and sells its output for $31,000,the value added by the firm is _____.

Gross private domestic investment consists of _____.

The value added by a firm is defined as:

Which of the following is an example of an injection into the circular flow of income and expenditure?

When a firm produces and sells a refrigerator worth $1,000,its contribution to the gross domestic product (GDP)on the income side is measured by:

The circular flow model shows the flow of:

Which of the following is a problem associated with gross domestic product (GDP)as a measure of social welfare?

The circular flow model shows that:

A fixed-weight price index provides less accurate changes than a chain-weighted system.

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

If the real gross domestic product (GDP)for the base year is $4 trillion,then the nominal gross domestic product (GDP)for that year is _____.

A net increase in inventories is considered as investment for the current year.

Nominal gross domestic product (GDP)is measured in terms of the _____.

Gross domestic product (GDP)figures tend to understate the quantity of goods and services available because:

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

The consumer price index (CPI)_ inflation because it includes an item in the market basket only after the product becomes _.

Which of the following is an example of an injection into the circular flow of income and expenditure?

The immediate effect of a purchase of a government bond on the gross domestic product (GDP)is_____.

The value added at all stages of production sums to the market value of the final good,and the value added for all final goods sums to GDP based on the income approach.

Gross domestic product (GDP)decreases if the quantity of illegal drugs sold decreases.

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

Filters

Exam 6: Tracking the Useconomy

If a firm hires labor for $8,000,pays rent of $4,000,buys raw materials for $13,000 from another firm,earns profits of $1,200,and sells its output for $31,000,the value added by the firm is _____.​

Gross private domestic investment consists of _____.​

The value added by a firm is defined as:​

Which of the following is an example of an injection into the circular flow of income and expenditure?​

When a firm produces and sells a refrigerator worth $1,000,its contribution to the gross domestic product (GDP)on the income side is measured by:​

The circular flow model shows the flow of:​

Which of the following is a problem associated with gross domestic product (GDP)as a measure of social welfare?​

The circular flow model shows that:​

A fixed-weight price index provides less accurate changes than a chain-weighted system.​

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

If the real gross domestic product (GDP)for the base year is $4 trillion,then the nominal gross domestic product (GDP)for that year is _____.​

A net increase in inventories is considered as investment for the current year.​

Nominal gross domestic product (GDP)is measured in terms of the _____.​

Gross domestic product (GDP)figures tend to understate the quantity of goods and services available because:​

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

The consumer price index (CPI)_____ inflation because it includes an item in the market basket only after the product becomes _____.​

Which of the following is an example of an injection into the circular flow of income and expenditure?​

The immediate effect of a purchase of a government bond on the gross domestic product (GDP)is_____.​

The value added at all stages of production sums to the market value of the final good,and the value added for all final goods sums to GDP based on the income approach.​

Gross domestic product (GDP)decreases if the quantity of illegal drugs sold decreases.​

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

Filters

If a firm hires labor for $8,000,pays rent of $4,000,buys raw materials for $13,000 from another firm,earns profits of $1,200,and sells its output for $31,000,the value added by the firm is _____.

Gross private domestic investment consists of _____.

The value added by a firm is defined as:

Which of the following is an example of an injection into the circular flow of income and expenditure?

When a firm produces and sells a refrigerator worth $1,000,its contribution to the gross domestic product (GDP)on the income side is measured by:

The circular flow model shows the flow of:

Which of the following is a problem associated with gross domestic product (GDP)as a measure of social welfare?

The circular flow model shows that:

A fixed-weight price index provides less accurate changes than a chain-weighted system.

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

If the real gross domestic product (GDP)for the base year is $4 trillion,then the nominal gross domestic product (GDP)for that year is _____.

A net increase in inventories is considered as investment for the current year.

Nominal gross domestic product (GDP)is measured in terms of the _____.

Gross domestic product (GDP)figures tend to understate the quantity of goods and services available because:

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

The consumer price index (CPI)_ inflation because it includes an item in the market basket only after the product becomes _.

Which of the following is an example of an injection into the circular flow of income and expenditure?

The immediate effect of a purchase of a government bond on the gross domestic product (GDP)is_____.

The value added at all stages of production sums to the market value of the final good,and the value added for all final goods sums to GDP based on the income approach.

Gross domestic product (GDP)decreases if the quantity of illegal drugs sold decreases.