Multiple Choice
In the expenditure approach to measuring GDP,the components of GDP are
A) consumption, investment, government expenditure, and net exports.
B) consumption, taxes, saving, and investment.
C) inflation, unemployment, saving, and investment.
D) frictional unemployment, structural unemployment, and cyclical unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: GDP is defined as<br>A) gross demanded prices.<br>B)
Q2: The circular flow model shows that GDP
Q3: In the United States over the past
Q4: At full employment,<br>A) real GDP equals potential
Q5: In the United States,over time GDP<br>A) stays
Q6: The difference between nominal GDP and real
Q7: A significant decline in activity spread across
Q8: Comparing the unemployment rate and the business
Q10: The labor force is defined as<br>A) all
Q11: The accumulated loss of output that results