Question Types

Start With

Question Limit

of 20 available terms

Advertisement Upgrade to remove ads

5 Written Questions

5 Matching Questions

  1. nonmarket transactions
  2. base year
  3. Net National Product(NNP)
  4. gross domestic product
  5. current GDP
  1. a economic activities that do generate expenditures in the market; mowing your own lawn
  2. b gross national product minus depreciation charges for wear and tear on capital equipment
  3. c gross domestic product measured in current prices unadjusted for inflation
  4. d a year that servesw as the basis of comparison for all other years
  5. e the dollar amount of all final goods and services produced within a country's borders in a year.

5 Multiple Choice Questions

  1. the high birthrate years from 1946 to 1964
  2. the sales of used goods
  3. gross domestic product after adjustments for inflation
  4. the total amount of income going to consumers before individual taxes are subtracted
  5. the highways,levees, mass transit, communications systems, electricity, water, sewer, and other publicgoods needed to support a population

5 True/False Questions

  1. center of populationpeople living in incor[porated cities, villages, or towns with 2,500 or more inhabitants


  2. disposable personal income(DPI)the total income the consumer sector has at its disposal after personal income taxes


  3. macroeconomicsthe study of the economy as a whole, including topics such as inflation, unemployment, and economic growth


  4. Gross National Product(GNP)gross national product minus depreciation charges for wear and tear on capital equipment


  5. intermediate productsproducts that are components of other final products included in GDP;tires or radios on a new car


Create Set