Question 1

In 2012 final sales equal $200 billion,and the change in business inventories is $50 billion.GDP in 2012

Accepted Answer

A) is $250 billion. 
B) is $200 billion. 
C) is $150 billion. 
D) is $40 billion. 
A) is $250 billion. 
B) is $200 billion. 
C) is $150 billion. 
D) is $40 billion.

Question 2

Depreciation is

Accepted Answer

A) the decrease in the overall price level. 
B) the additional capital stock in a year. 
C) the amount of used up machinery in a year. 
D) the amount of decline in business inventories. 
A) the decrease in the overall price level. 
B) the additional capital stock in a year. 
C) the amount of used up machinery in a year. 
D) the amount of decline in business inventories.

Question 3

Net investment equals

Accepted Answer

A) GDP minus final sales. 
B) gross investment minus final sales. 
C) gross investment minus depreciation. 
D) depreciation plus GDP. 
A) GDP minus final sales. 
B) gross investment minus final sales. 
C) gross investment minus depreciation. 
D) depreciation plus GDP.

Question 4

Depreciation is included in GDP,but excluded from NNP.

Accepted Answer

A) True 
 B)False

Question 5

Refer to the information provided in Table 6.4 below to answer the questions that follow.
Table 6.4
  
-Refer to Table 6.4.The value for disposable personal income in billions of dollars is

Accepted Answer

A) 750. 
B) 770. 
C) 820. 
D) 990. 
A) 750. 
B) 770. 
C) 820. 
D) 990.

Question 6

The total market value of all final goods and services produced within a given period by factors of production located within a country is

Accepted Answer

A) gross domestic product. 
B) gross national product. 
C) net national product. 
D) net national income. 
A) gross domestic product. 
B) gross national product. 
C) net national product. 
D) net national income.

In 2012 final sales equal $200 billion,and the change in business inventories is $50 billion.GDP in 2012

Depreciation is

Net investment equals

Depreciation is included in GDP,but excluded from NNP.

Refer to the information provided in Table 6.4 below to answer the questions that follow. Table 6.4 -Refer to Table 6.4.The value for disposable personal income in billions of dollars is

The total market value of all final goods and services produced within a given period by factors of production located within a country is

The Scope and Method of Economics

The Economic Problem: Scarcity and Choice

Demand,supply,and Market Equilibrium

Demand and Supply Applications

Introduction to Macroeconomics

Unemployment,inflation,and Long-Run Growth

Aggregate Expenditure and Equilibrium Output

The Government and Fiscal Policy

The Money Supply and the Federal Reserve System

Money Demand and the Equilibrium Interest Rate

The Determination of Aggregate Output, the Price Level, and the Interest Rate

Policy Effects and Costs Shocks in the Asad Model

The Labor Market in the Macroeconomy

Financial Crises, stabilization, and Deficits

Household and Firm Behavior in the Macroeconomy: a Further Look

Long-Run Growth

Alternative Views in Macroeconomics

International Trade, comparative Advantage, and Protectionism

Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates

Economic Growth in Developing and Transitional Economies

Filters

Exam 6: Measuring National Output and National Income

In 2012 final sales equal $200 billion,and the change in business inventories is $50 billion.GDP in 2012

Depreciation is

Net investment equals

Depreciation is included in GDP,but excluded from NNP.

Refer to the information provided in Table 6.4 below to answer the questions that follow. Table 6.4 -Refer to Table 6.4.The value for disposable personal income in billions of dollars is

The total market value of all final goods and services produced within a given period by factors of production located within a country is

The Scope and Method of Economics

The Economic Problem: Scarcity and Choice

Demand,supply,and Market Equilibrium

Demand and Supply Applications

Introduction to Macroeconomics

Unemployment,inflation,and Long-Run Growth

Aggregate Expenditure and Equilibrium Output

The Government and Fiscal Policy

The Money Supply and the Federal Reserve System

Money Demand and the Equilibrium Interest Rate

The Determination of Aggregate Output, the Price Level, and the Interest Rate

Policy Effects and Costs Shocks in the Asad Model

The Labor Market in the Macroeconomy

Financial Crises, stabilization, and Deficits

Household and Firm Behavior in the Macroeconomy: a Further Look

Long-Run Growth

Alternative Views in Macroeconomics

International Trade, comparative Advantage, and Protectionism

Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates

Economic Growth in Developing and Transitional Economies

Filters