34 terms

# Chapter 5

###### PLAY
National-income accounting is defined as the:
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A nation's GDP is:
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GDP can be calculated by all teh following methods except:
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A nation's GDP can be calculated as:
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DVD playersn can be added to bicycles to compute the GDP by:
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One difference between GDP and GNP results from:
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Which of the following would be included in U.S GNP but NOT in U.S GDP?
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A commonly used measure of a country's standard of living is:
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If population and GDP both increase fro a particular country over a peroid of time, but population grows more rapidly than GDP, then:
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Suppose a friend claims he is helping the economy by throwing trash on the street rather than in trash cans because the extra expenditured mecessary to clean uo the streets will increase GDP. Your friend is:
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Intermediate goods are goods or services:
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Nominal GDP is the:
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Real GDP is the:
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suppose the totoal marker value of all final goods and ervices produced in the country of GDPLAND was \$12 billion in 2000 (measured in 2000 pieces) and \$12.5 billion in 2001(measured in 2001 pieces). which of the following statements is definitely correct?
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If nominal GDP was \$11,500 billion in 2003 and teh price level in 2003 was 11.6, then real GDP would have been approximately:
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Assume nominal GDP is \$10,000 billion in peroid 1 and \$15,000 billion in peroid 2. if prices in peroid 2 were twice as high as peroid 1, real GDP in peroid 2 is:
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Inflation is:
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The purpose of chain-weighted price adjustments in the calculation of GDP is to:
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Depreciation represents:
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Net demostic product (NDP) is determined by:
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Investment is the:
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Gross investment is:
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An economy's production possibilities are most likely to expand if:
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If for a given year gross investment if \$250 billion and deprediation is \$185 billion, then for that year capital stock:
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Which of the following expenditured are included in consumption?
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Which of teh following is investment, according to an exonomist?
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Which of the following types of government spending is included in teh calculation of GDP?
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Total income earned by the current factors of production is known as:
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Transfer payments are part of personal income but not national income because:
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Social security payments to retired persons are included in:
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Which of the following best measured the householf sector's contribution to the suppot of teh public sector?
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The measure of the part of DI that is not consumed is:
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Businessess return purchasing power to the circular flow in teh form of:
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