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5 Written questions

4 Matching questions

  1. do you know how to physically calculate (real GDP)
  2. GNI (gross national income)
  3. GDP
  4. compensation of employees
  1. a GNP converted to dollars using an average of currency exchange rates over several years adjusted for rates of inflation
  2. b the market value of all final goods and services produced within a given period of time by factors of production located within a country.
  3. c wages
    salaries
    various supplements
  4. d y/n?

5 Multiple choice questions

  1. expenditures=income=output
  2. uses weights from a given base year
  3. income of government enterprises
  4. both high inflation and high unemployment
  5. data measurement error

5 True/False questions

  1. personal incomethe total income earned by the factors of production owned by a country's citizens

          

  2. NNPtotal market value of all final goods and services produced within a given period by factors of production owned by a country's citizens, regardless of where the output is produced

          

  3. what is incomethe total income earned by the factors of production owned by a country's citizens

          

  4. 2 limits of GDP conceptfinancial instruments that give to the owner a share in the firm's ownership and therefore the right to share in the firm's profits

          

  5. nominal GDPgross national product-depreciation

          

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