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5 Written questions

5 Matching questions

  1. Net National Product(NNP)
  2. current GDP
  3. underground economy
  4. personal income(PI)
  5. GDP per capita
  1. a economic activities that are not reported for legal or tax collection purposes; like gambling or smuggling
  2. b the total amount of income going to consumers before individual taxes are subtracted
  3. c gross domestic product measured in current prices unadjusted for inflation
  4. d GDP divided by the population, to get the amount of output per person
  5. e gross national product minus depreciation charges for wear and tear on capital equipment

5 Multiple choice questions

  1. An official count of all the people living in the United States including their place of residence
  2. the sales of used goods
  3. products that are components of other final products included in GDP;tires or radios on a new car
  4. the highways,levees, mass transit, communications systems, electricity, water, sewer, and other publicgoods needed to support a population
  5. the study of the economy as a whole, including topics such as inflation, unemployment, and economic growth

5 True/False questions

  1. base yearthe high birthrate years from 1946 to 1964


  2. real GDPgross domestic product measured in current prices unadjusted for inflation


  3. gross domestic producttotal dollar value of all final goods, services, and structures produced in one year with labor and property owned by a contry's residents, regardless of where the production takes place: largest measure of a nations income


  4. Rural Populationmakes up the remiander of the total ; people who live in sparsely populated areas along the fringes of cities


  5. Baby Boomthe high birthrate years from 1946 to 1964


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