Multiple Choice
The next questions refer to the following hypothetical economy.
A nation produces 1000 units of output. It sells 800 of these to domestic consumers at a price of $4 per unit, and exports the remaining 200 units to countries overseas at a price of $5 per unit. The country also imports 100 units of another good at a price of $6 per unit. There is neither investment nor government expenditure in this economy.
-This country's gross domestic product,as measured by expenditure,is
A) 3600
B) 3900
C) 3700
D) 2500
E) 2700
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The shares of national income paid to
Q3: CO2 emissions are not included as a
Q4: If a U.S.-owned manufacturing firm closes its
Q5: In the national income accounts,which of the
Q6: The Human Development Index (HDI) compiled by
Q7: United States GDP in constant dollars refers
Q8: In general an increase in income of,say,$1000<br>A)
Q9: Which of the following would be an
Q10: The next questions refer to the following
Q11: If both imports (M) and exports (X)