Gross residential product is identified as:a)the industry value of all final goods and services produced within the boundaries of a country.b)incomes received by all a nation"s householdsc)amount of each great and service developed by U.S. residents.d)none


You are watching: The lower portion of the circular flow model contains factor markets in which households provide:

Gross residential product does not include:a)offered goods sold in the existing time periodb)international created goodsc)intermediate and also final goodsd) all
the lower percent of the circular flow version has element markets in which families provide:a)output of all final goods and services producedb)conserving, spfinishing, and investmentc)labor, money, and machinesd)land, labor, and also capital
GDP does count:a)state and local government purchasesb)spending for brand-new homesc)changes in inventoriesd)nonee)all
personal revenue is:a)national earnings minus deliver payments, net interemainder, and also dividendsb)the amount households have available just for consumptionc)total income earned by family members prior to taxesd)alle)none
equation for determining actual GDP for year X is:a) (nominal GDP for year X)/(average household income) x100b) (nominal GDP for year X)/(GDP for year X) -100c) (nominal GDP for year X)/(avg nominal GDP)d)none
Suppose US nominal GDP was 7500 billion in yearX and also the GDP chain price index is 120.0. Real GDP in continuous year X dollars is:a) 5,488 bilionb) 6,250 billionc) 6,740 bild) 7,789 billion
If we computed GDP using the expenditure approach, and also then computed it using the income technique which of the adhering to can be meant to be true?a)GDP computed from the expenditure technique will certainly be larger than when GDP is computed making use of the earnings approachb)GDP computed from the expenditure strategy will certainly be equal toGDP computed utilizing the income approachc)GDP computed from the expenditure strategy will certainly be smaller sized toGDP computed utilizing the revenue approachd)none
which of the adhering to properly offers us nationwide income?a)GDP-depreciationb)individual income-personal taxesc)GDP-instraight organization taxesd)consumption+investment+Govt+net exports
which nationwide income account should be examined to find trends in the after-taxation income that human being have to save and also spend?a)GDPb)gross national productc)National incomed)disposable personal income
which of the following is a shortcoming of GDPa. GDP excludes alters in inventoriesb. GDP contains an estimate of illegal transactionsc. GDP excludes non market transactionsd. GDP includes business investment spending
national earnings is officially measured by adding:a. quantity of each last excellent and also organization created valued at its sector priceb. complete of all expenditures in newly produced final and also products and also services (GDP=C+I+H)c. the total of all incomes earned by family members from the sale of determinants of production. d. capital consumption allowance and GDP (GDP+CCA=NNP)
Which of the following is included in individual income however not in nationwide incomea. compensation for workersb.proprietors" incomec. corporate profitsd. Social defense paymentse. rent
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Online Learning Center to acagency Essentials of Investments8th EditionAlan J. Marcus, Alex Kane, Zvi Bodie


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