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 Policy179 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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(30) 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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(34) Dairy Queen opens a branch in Estonia.The sales of the restaurant enter the U.S.GDP and the Estonian GNP.
(True/False)
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(30) 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 personal income in billions of dollars is
-Refer to Table 6.4.The value for personal income in billions of dollars is (Multiple Choice)
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(25) If personal saving is -$10 billion and disposable personal income is $370 billion,then personal consumption spending
(Multiple Choice)
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(41) If real GDP in 2012 using 2011 prices is lower than nominal GDP of 2012,then
(Multiple Choice)
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(37) 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 GNP in billions of dollars is
-Refer to Table 6.4.The value for GNP in billions of dollars is (Multiple Choice)
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(33) Refer to the information provided in Table 6.5 below to answer the questions that follow.
Table 6.5 
-Refer to Table 6.5.Assume that this economy produces only two goods Good X and Good Y.If year 1 is the base year,the value for this economy's real GDP in year 2 is
-Refer to Table 6.5.Assume that this economy produces only two goods Good X and Good Y.If year 1 is the base year,the value for this economy's real GDP in year 2 is (Multiple Choice)
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(35) Refer to the information provided in Table 6.5 below to answer the questions that follow.
Table 6.5
-Refer to Table 6.5.Assume that this economy produces only two goods Good X and Good Y.The value for this economy's nominal GDP in year 2 is
-Refer to Table 6.5.Assume that this economy produces only two goods Good X and Good Y.The value for this economy's nominal GDP in year 2 is (Multiple Choice)
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(36) If disposable personal income is $400 billion and personal saving is $8 billion,the personal saving rate is
(Multiple Choice)
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(31) If net investment in 2012 is $350 billion and gross investment in 2012 is $500 billion,depreciation in 2012 is
(Multiple Choice)
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(41) Suppose that net investment in 2012 was $20 billion and depreciation was $4 billion.Gross investment in 2012 was
(Multiple Choice)
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