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5 Written questions

5 Matching questions

  1. Relationship between total production and total sales
  2. national income
  3. personal saving rate
  4. statistical discrepancy
  5. corporate bonds
  1. a data measurement error
  2. b the percentage of disposable personal income that's saved.
  3. c GDP=Final sales+change in business inventories
  4. d promissory notes issued by firms when they borrow money
  5. e the total income earned by the factors of production owned by a country's citizens

5 Multiple choice questions

  1. y/n?
  2. the total income of households
  3. gross investment-depreciation
  4. households are spending a large amount relative to income
  5. households spending cautiously

5 True/False questions

  1. national income and product accountsthe total income earned by the factors of production owned by a country's citizens

          

  2. aggregate outputthe behavior of all households and firms together

          

  3. contraction/slumppromissory notes issued by firms when they borrow money

          

  4. GDPtotal 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

          

  5. inventoriesgoods that firms produce now but intend to sell later.