Exam 7: Gdp and Cpi: Tracking the Macroeconomy

The total value of all final goods and services produced in the economy in a given year, calculated with the prices current in the year in which the output is produced, is nominal GDP.

(True/False)

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Question 161

In a market basket of goods:

(Multiple Choice)

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Question 162

The price index in the current year is the cost of the market basket in the base year divided by the cost of the market basket in the current year.

(True/False)

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Question 163

Use the following to answer question : -(Table: Calculating GDP) According to the information in the table Calculating GDP, what is GDP?

(Multiple Choice)

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Question 164

Suppose that nominal GDP is $1,000 in 2009 and $1,500 in 2010. If the overall price level _ between 2009 and 2010, we could say that real GDP _.

(Multiple Choice)

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Question 165

Use the following to answer questions : Table: Pizza Economy III -(Table: Pizza Economy III) Look at the table Pizza Economy III. Considering 2010 as the base year, nominal GDP in 2011 was:

(Multiple Choice)

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Question 166

Investment spending is spending on:

(Multiple Choice)

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Question 167

Value added is equal to the value of a company's:

(Multiple Choice)

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Question 168

Net exports are calculated by subtracting:

(Multiple Choice)

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Question 169

Use the following to answer question : -(Table: GDP) GDP in the table is:

(Multiple Choice)

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Question 170

Consider an economy that produces only DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Nominal GDP this year is:

(Multiple Choice)

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Question 171

If the cost of the market basket in the base year is $1,000 and the cost of the market basket in 2013 is $1,080, the price index for 2013 is 80.

(True/False)

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Question 172

Final goods and services are sold to the final or end user.

(True/False)

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Question 173

GDP is the total dollar value of all:

(Multiple Choice)

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Question 174

If the consumer price index for 2009 was 148.3 and for 2010 was 152.5, what was the inflation rate between the two years?

(Multiple Choice)

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Question 175

Which of the following figures is used to measure changes in the prices that firms pay for goods and services?

(Multiple Choice)

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Question 176

The total of the values added at every stage of production for a good yields:

(Multiple Choice)

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Question 177

Firms supply resources in the factor markets.

(True/False)

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Question 178

Disposable income is:

(Multiple Choice)

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Question 179

Why do economists bother to compute real GDP? Why can't we just compare nominal GDP from one year to the next?

(Essay)

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Question 180

Showing 161 - 180 of 434

The total value of all final goods and services produced in the economy in a given year, calculated with the prices current in the year in which the output is produced, is nominal GDP.

In a market basket of goods:

The price index in the current year is the cost of the market basket in the base year divided by the cost of the market basket in the current year.

Use the following to answer question : -(Table: Calculating GDP) According to the information in the table Calculating GDP, what is GDP?

Suppose that nominal GDP is $1,000 in 2009 and $1,500 in 2010. If the overall price level _ between 2009 and 2010, we could say that real GDP _.

Use the following to answer questions : Table: Pizza Economy III -(Table: Pizza Economy III) Look at the table Pizza Economy III. Considering 2010 as the base year, nominal GDP in 2011 was:

Investment spending is spending on:

Value added is equal to the value of a company's:

Net exports are calculated by subtracting:

Use the following to answer question : -(Table: GDP) GDP in the table is:

Consider an economy that produces only DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Nominal GDP this year is:

If the cost of the market basket in the base year is $1,000 and the cost of the market basket in 2013 is $1,080, the price index for 2013 is 80.

Final goods and services are sold to the final or end user.

GDP is the total dollar value of all:

If the consumer price index for 2009 was 148.3 and for 2010 was 152.5, what was the inflation rate between the two years?

Which of the following figures is used to measure changes in the prices that firms pay for goods and services?

The total of the values added at every stage of production for a good yields:

Firms supply resources in the factor markets.

Disposable income is:

Why do economists bother to compute real GDP? Why can't we just compare nominal GDP from one year to the next?

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

The total value of all final goods and services produced in the economy in a given year, calculated with the prices current in the year in which the output is produced, is nominal GDP.

In a market basket of goods:

The price index in the current year is the cost of the market basket in the base year divided by the cost of the market basket in the current year.

Use the following to answer question : -(Table: Calculating GDP) According to the information in the table Calculating GDP, what is GDP?

Suppose that nominal GDP is $1,000 in 2009 and $1,500 in 2010. If the overall price level _____ between 2009 and 2010, we could say that real GDP _____.

Use the following to answer questions : Table: Pizza Economy III -(Table: Pizza Economy III) Look at the table Pizza Economy III. Considering 2010 as the base year, nominal GDP in 2011 was:

Investment spending is spending on:

Value added is equal to the value of a company's:

Net exports are calculated by subtracting:

Use the following to answer question : -(Table: GDP) GDP in the table is:

Consider an economy that produces only DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Nominal GDP this year is:

If the cost of the market basket in the base year is $1,000 and the cost of the market basket in 2013 is $1,080, the price index for 2013 is 80.

Final goods and services are sold to the final or end user.

GDP is the total dollar value of all:

If the consumer price index for 2009 was 148.3 and for 2010 was 152.5, what was the inflation rate between the two years?

Which of the following figures is used to measure changes in the prices that firms pay for goods and services?

The total of the values added at every stage of production for a good yields:

Firms supply resources in the factor markets.

Disposable income is:

Why do economists bother to compute real GDP? Why can't we just compare nominal GDP from one year to the next?

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

Suppose that nominal GDP is $1,000 in 2009 and $1,500 in 2010. If the overall price level _ between 2009 and 2010, we could say that real GDP _.