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5 Written questions

5 Matching questions

  1. shares of stocks
  2. statistical discrepancy
  3. do you know how to physically calculate (real GDP)
  4. 3 things that equal each other
  5. proprietor's income
  1. a expenditures=income=output
  2. b income of unincorporated businesses
  3. c y/n?
  4. d data measurement error
  5. e financial instruments that give to the owner a share in the firm's ownership and therefore the right to share in the firm's profits

5 Multiple choice questions

  1. total amount spent on all final goods and services during a given period
  2. gross domestic product measured in current dollars
  3. sales taxes
    customs duties
    license fees
  4. total 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. peak to trough during which employment and output fall

5 True/False questions

  1. monetary policyaffects:
    taxes
    gov spending

          

  2. surplus of government enterprisesincome of government enterprises

          

  3. compensation of employeeswages
    salaries
    various supplements

          

  4. in personal saving rate hight...households are spending a large amount relative to income

          

  5. 2 limits of GDP conceptfinancial instruments that give to the owner a share in the firm's ownership and therefore the right to share in the firm's profits