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5 Written questions

5 Matching questions

  1. Relationship between total production and total sales
  2. stagflation
  3. disposable personal income
    after-tax income
  4. If personal saving rate low...
  5. Three Market Arenas
  1. a GDP=Final sales+change in business inventories
  2. b both high inflation and high unemployment
  3. c personal income-personal income taxes
  4. d households are spending a large amount relative to income
  5. e goods and services

5 Multiple choice questions

  1. Determinants of total national income.
    Aggregates of consumption and investment
    Overall level of prices
  2. wages
    various supplements
  3. the total income earned by the factors of production owned by a country's citizens
  4. importance attached to an item within a group of items
  5. households spending cautiously

5 True/False questions

  1. do you know how to physically calculate (real GDP)expenditures=income=output


  2. inventoriesportion of a firm's profits that the firm pays out each period to its shareholders


  3. net investmentgross investment-depreciation


  4. shares of stocksprices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded


  5. fiscal policyaffects:
    gov spending


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