Chat with AIExam 6: Measuring National Output and National Income
Exam 1: The Scope and Method of Economics120 Questions
Exam 2: The Economic Problem: Scarcity and Choice110 Questions
Exam 3: Demand,supply,and Market Equilibrium144 Questions
Exam 4: Demand and Supply Applications86 Questions
Exam 5: Introduction to Macroeconomics121 Questions
Exam 6: Measuring National Output and National Income146 Questions
Exam 7: Unemployment,inflation,and Long-Run Growth149 Questions
Exam 8: Aggregate Expenditure and Equilibrium Output176 Questions
Exam 9: The Government and Fiscal Policy169 Questions
Exam 10: The Money Supply and the Federal Reserve System144 Questions
Exam 11: Money Demand and the Equilibrium Interest Rate129 Questions
Exam 12: The Determination of Aggregate Output, the Price Level, and the Interest Rate119 Questions
Exam 13: Policy Effects and Costs Shocks in the Asad Model102 Questions
Exam 14: The Labor Market in the Macroeconomy147 Questions
Exam 15: Financial Crises, stabilization, and Deficits129 Questions
Exam 16: Household and Firm Behavior in the Macroeconomy: a Further Look185 Questions
Exam 17: Long-Run Growth93 Questions
Exam 18: Alternative Views in Macroeconomics147 Questions
Exam 19: International Trade, comparative Advantage, and Protectionism151 Questions
Exam 20: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates160 Questions
Exam 21: Economic Growth in Developing and Transitional Economies105 Questions
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Refer to the information provided in Table 6.1 below to answer the questions that follow.
Table 6.1
-Refer to Table 6.1.The value of gross domestic product in billions of dollars is
-Refer to Table 6.1.The value of gross domestic product in billions of dollars is (Multiple Choice)
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(37) Which of the following would NOT be counted in 2013's GDP?
(Multiple Choice)
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(36) Refer to the information provided in Table 6.1 below to answer the questions that follow.
Table 6.1
-Refer to Table 6.1.The value of government spending in billions of dollars is
-Refer to Table 6.1.The value of government spending in billions of dollars is (Multiple Choice)
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(27) If the GDP deflator next year is less than the GDP deflator this year,then the price level has fallen.
(True/False)
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(32) Refer to the information provided in Table 6.2 below to answer the questions that follow.
Table 6.2
-Refer to Table 6.2.The value for gross domestic product in billions of dollars is
-Refer to Table 6.2.The value for gross domestic product in billions of dollars is (Multiple Choice)
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(50) If GNP is $200 billion,receipts of factor income from the rest of the world are $10 billion,and payments of factor income to the rest of the world are $30 billion,then GDP is
(Multiple Choice)
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(39) The GDP of the U.S.in 2012 was around $15.9 trillion.This means
(Multiple Choice)
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(37) Profits earned in the United States by foreign-owned companies are included in
(Multiple Choice)
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(40) Refer to the information provided in Table 6.2 below to answer the questions that follow.
Table 6.2
-Refer to Table 6.2.The value for gross private domestic investment in billions of dollars is
-Refer to Table 6.2.The value for gross private domestic investment in billions of dollars is (Multiple Choice)
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(37) If depreciation equals zero and retained earnings equal $5 billion,then
(Multiple Choice)
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(32) If personal income is $925 billion and personal income taxes are $70 billion,the value of disposable personal income is
(Multiple Choice)
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(33) Related to the Economics in Practice on p.431: The National Income and Product Accounts (NIPAs)allow policymakers and economists to analyze the impact of
(Multiple Choice)
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(40) In 2012 the change in business inventories is -$70 billion and GDP is $200 billion.Final sales in 2012
(Multiple Choice)
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(41) The total value of all capital goods newly produced in a given period is
(Multiple Choice)
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