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5 Written questions

5 Matching questions

  1. disposable personal income(DPI)
  2. gross domestic product
  3. macroeconomics
  4. Gross National Product(GNP)
  5. Urban Population
  1. a 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. b the study of the economy as a whole, including topics such as inflation, unemployment, and economic growth
  3. c the dollar amount of all final goods and services produced within a country's borders in a year.
  4. d the total income the consumer sector has at its disposal after personal income taxes
  5. e people living in incor[porated cities, villages, or towns with 2,500 or more inhabitants

5 Multiple choice questions

  1. the high birthrate years from 1946 to 1964
  2. economic activities that do generate expenditures in the market; mowing your own lawn
  3. a year that servesw as the basis of comparison for all other years
  4. An official count of all the people living in the United States including their place of residence
  5. gross domestic product measured in current prices unadjusted for inflation

5 True/False questions

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

          

  2. Rural Populationpeople living in incor[porated cities, villages, or towns with 2,500 or more inhabitants

          

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

          

  4. personal income(PI)the total amount of income going to consumers before individual taxes are subtracted

          

  5. underground economythe study of the economy as a whole, including topics such as inflation, unemployment, and economic growth