A) total market value of all final goods and services produced in an economy in one year. B) total accumulated wealth of an economy. C) volume of all dollar transactions made in an economy in one year. D) dollar amount of all sales made in the economy in one year. A) total market value of all final goods and services produced in an economy in one year. B) total accumulated wealth of an economy. C) volume of all dollar transactions made in an economy in one year. D) dollar amount of all sales made in the economy in one year.

Exam 7: Gdp and Cpi: Tracking the Macroeconomy

Use the following to answer questions : Figure: Circular-Flow Model -(Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. What are net exports?

(Multiple Choice)

4.9/5

(32)

Question 181

Use the following to answer questions : Figure: Circular-Flow Model -(Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. How does the government finance its purchases of goods and services?

(Multiple Choice)

4.9/5

(27)

Question 182

Use the following to answer questions : -(Table: Peanut Butter and Jelly Economy) Look at the table Peanut Butter and Jelly Economy. How much of the increase in nominal GDP between 2010 and 2011 was due to inflation?

(Multiple Choice)

4.7/5

(38)

Question 183

If the consumer price index is 120 in year 1 and 150 in year 2, then the rate of inflation from year 1 to year 2 is:

(Multiple Choice)

4.9/5

(36)

Question 184

An example of an intermediate good is:

(Multiple Choice)

4.7/5

(29)

Question 185

A share in the ownership of a company is a(n):

(Multiple Choice)

4.7/5

(40)

Question 186

GDP is the:

(Multiple Choice)

4.9/5

(26)

Question 187

Use the following to answer questions: Figure: Expanded Circular-Flow Model -(Figure: Expanded Circular-Flow Model) Look at the figure Expanded Circular-Flow Model. Which of the following is NOT a sector of the economy shown in the circular-flow model?

(Multiple Choice)

4.9/5

(38)

Question 188

Double counting would occur if:

(Multiple Choice)

4.8/5

(51)

Question 189

Use the following to answer questions : Table: Peanut Butter and Jelly -(Table: Peanut Butter and Jelly) Look at the table Peanut Butter and Jelly. Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly. If 2012 is the base year, what is the value of the price index in 2014?

(Multiple Choice)

4.9/5

(31)

Question 190

Use the following to answer questions : -(Table: Peanut Butter and Jelly Economy) Look at the table Peanut Butter and Jelly Economy. In 2011, nominal GDP was and real GDP was _.

(Multiple Choice)

4.8/5

(37)

Question 191

The base period for the consumer price index is 1941-1945.

(True/False)

4.8/5

(44)

Question 192

Use the following to answer questions : Table: Price and Output Data -(Table: Price and Output Data) Look at the table Price and Output Data. The price index for year 2 is:

(Multiple Choice)

4.9/5

(35)

Question 193

Value added in national income accounts refers to the:

(Multiple Choice)

5.0/5

(27)

Question 194

Which of the following would accurately characterize the portion of a firm's profit paid to the owner of one share of its stock?

(Multiple Choice)

4.7/5

(43)

Question 195

Use the following to answer questions : -(Table: Gadget GDP in Rayistan) Look at the table Gadget GDP in Rayistan. Why is real GDP per capita used as a measure of a country's standard of living? What are some of the limitations of using real GDP as the only measure of a country's quality of life?

(Essay)

4.8/5

(41)

Question 196

Intermediate goods are not counted in GDP because:

(Multiple Choice)

4.8/5

(45)

Question 197

Use the following to answer questions: Table: Real and Nominal Output -(Table: Real and Nominal Output) Look at the table Real and Nominal Output. Assuming year 3 is the base year, real output in year 4 is:

(Multiple Choice)

4.8/5

(40)

Question 198

Use the following to answer questions : Table: Pizza Economy III -(Table: Pizza Economy III) Look at the table Pizza Economy III. Using 2010 as the base year, nominal GDP in 2010 was:

(Multiple Choice)

4.9/5

(36)

Question 199

The total income of households after taxes and government transfers is called:

(Multiple Choice)

4.8/5

(38)

Question 200

Showing 181 - 200 of 434

Use the following to answer questions : Figure: Circular-Flow Model -(Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. What are net exports?

Use the following to answer questions : Figure: Circular-Flow Model -(Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. How does the government finance its purchases of goods and services?

Use the following to answer questions : -(Table: Peanut Butter and Jelly Economy) Look at the table Peanut Butter and Jelly Economy. How much of the increase in nominal GDP between 2010 and 2011 was due to inflation?

If the consumer price index is 120 in year 1 and 150 in year 2, then the rate of inflation from year 1 to year 2 is:

An example of an intermediate good is:

A share in the ownership of a company is a(n):

GDP is the:

Use the following to answer questions: Figure: Expanded Circular-Flow Model -(Figure: Expanded Circular-Flow Model) Look at the figure Expanded Circular-Flow Model. Which of the following is NOT a sector of the economy shown in the circular-flow model?

Double counting would occur if:

Use the following to answer questions : -(Table: Peanut Butter and Jelly Economy) Look at the table Peanut Butter and Jelly Economy. In 2011, nominal GDP was and real GDP was _.

The base period for the consumer price index is 1941-1945.

Use the following to answer questions : Table: Price and Output Data -(Table: Price and Output Data) Look at the table Price and Output Data. The price index for year 2 is:

Value added in national income accounts refers to the:

Which of the following would accurately characterize the portion of a firm's profit paid to the owner of one share of its stock?

Use the following to answer questions : -(Table: Gadget GDP in Rayistan) Look at the table Gadget GDP in Rayistan. Why is real GDP per capita used as a measure of a country's standard of living? What are some of the limitations of using real GDP as the only measure of a country's quality of life?

Intermediate goods are not counted in GDP because:

Use the following to answer questions: Table: Real and Nominal Output -(Table: Real and Nominal Output) Look at the table Real and Nominal Output. Assuming year 3 is the base year, real output in year 4 is:

Use the following to answer questions : Table: Pizza Economy III -(Table: Pizza Economy III) Look at the table Pizza Economy III. Using 2010 as the base year, nominal GDP in 2010 was:

The total income of households after taxes and government transfers is called:

First Principles

Economic Models

Supply and Demand

International Trade 5

Macroeconomics: the Big Picture

Unemployment and Inflation

Long-Run Economic Growth

Savings, Investment Spending, and the Financial System

Fiscal Policy Appendix Taxes and the Multiplier

Money, Banking, and the Federal Reserve System

Monetary Policy

Inflation, Disinflation, and Deflation

Crises and Consequences

Events and Ideas

Open-Economy Macroeconomics

Graphs in Economics

toward a Fuller Understanding of Present Value

Filters

Exam 7: Gdp and Cpi: Tracking the Macroeconomy

Use the following to answer questions : Figure: Circular-Flow Model -(Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. What are net exports?

Use the following to answer questions : Figure: Circular-Flow Model -(Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. How does the government finance its purchases of goods and services?

Use the following to answer questions : -(Table: Peanut Butter and Jelly Economy) Look at the table Peanut Butter and Jelly Economy. How much of the increase in nominal GDP between 2010 and 2011 was due to inflation?

If the consumer price index is 120 in year 1 and 150 in year 2, then the rate of inflation from year 1 to year 2 is:

An example of an intermediate good is:

A share in the ownership of a company is a(n):

GDP is the:

Use the following to answer questions: Figure: Expanded Circular-Flow Model -(Figure: Expanded Circular-Flow Model) Look at the figure Expanded Circular-Flow Model. Which of the following is NOT a sector of the economy shown in the circular-flow model?

Double counting would occur if:

Use the following to answer questions : -(Table: Peanut Butter and Jelly Economy) Look at the table Peanut Butter and Jelly Economy. In 2011, nominal GDP was ____ and real GDP was _____.

The base period for the consumer price index is 1941-1945.

Use the following to answer questions : Table: Price and Output Data -(Table: Price and Output Data) Look at the table Price and Output Data. The price index for year 2 is:

Value added in national income accounts refers to the:

Which of the following would accurately characterize the portion of a firm's profit paid to the owner of one share of its stock?

Use the following to answer questions : -(Table: Gadget GDP in Rayistan) Look at the table Gadget GDP in Rayistan. Why is real GDP per capita used as a measure of a country's standard of living? What are some of the limitations of using real GDP as the only measure of a country's quality of life?

Intermediate goods are not counted in GDP because:

Use the following to answer questions: Table: Real and Nominal Output -(Table: Real and Nominal Output) Look at the table Real and Nominal Output. Assuming year 3 is the base year, real output in year 4 is:

Use the following to answer questions : Table: Pizza Economy III -(Table: Pizza Economy III) Look at the table Pizza Economy III. Using 2010 as the base year, nominal GDP in 2010 was:

The total income of households after taxes and government transfers is called:

First Principles

Economic Models

Supply and Demand

International Trade 5

Macroeconomics: the Big Picture

Unemployment and Inflation

Long-Run Economic Growth

Savings, Investment Spending, and the Financial System

Fiscal Policy Appendix Taxes and the Multiplier

Money, Banking, and the Federal Reserve System

Monetary Policy

Inflation, Disinflation, and Deflation

Crises and Consequences

Events and Ideas

Open-Economy Macroeconomics

Graphs in Economics

toward a Fuller Understanding of Present Value

Filters

Use the following to answer questions : -(Table: Peanut Butter and Jelly Economy) Look at the table Peanut Butter and Jelly Economy. In 2011, nominal GDP was and real GDP was _.