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5 Written questions

5 Matching questions

  1. secondhand sales
  2. personal income(PI)
  3. infrastructure
  4. intermediate products
  5. current GDP
  1. a the highways,levees, mass transit, communications systems, electricity, water, sewer, and other publicgoods needed to support a population
  2. b gross domestic product measured in current prices unadjusted for inflation
  3. c the sales of used goods
  4. d the total amount of income going to consumers before individual taxes are subtracted
  5. e products that are components of other final products included in GDP;tires or radios on a new car

5 Multiple choice questions

  1. total 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
  2. the high birthrate years from 1946 to 1964
  3. the dollar amount of all final goods and services produced within a country's borders in a year.
  4. the study of the economy as a whole, including topics such as inflation, unemployment, and economic growth
  5. gross domestic product after adjustments for inflation

5 True/False questions

  1. center of populationthe point where the country would balance if it could be laid flat and everyone weighed the same


  2. disposable personal income(DPI)the total amount of income going to consumers before individual taxes are subtracted


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


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


  5. base yeara year that servesw as the basis of comparison for all other years