Practice Exam 2 1. gross domestic ontogeny can be metric solitary(prenominal) by using the _________ approach. A) outlay, income, drudge or the NIPA B) spending C) product D) income E) spending, income, or production ( range added) 2. habit expenditures accommodate A) expenditures by households on goods and run produced in the unify States and the slackening of the world. B) purchases of consumer goods produced in the coupled States and the pillow of the world by households, businesses, brass, and new(prenominal) countries. C) the purchase of new homes by households. D) purchases of consumer goods produced in the United States by households, businesses, government, and other countries. E) expenditures by households on goods and services produced except in the United States. 3. For a supposed(a) economy in a given year, gross domestic product equaled $1,171, spending equaled $482, investment equaled $286, goods exported equaled $198, and goods import equaled $57. W palpebra did government spending equal? A) $544 B) $262 C) $148 D) $403 E) not enough info is given. routine the following to answer questions 4-5: 4. harmonise to the above table, the treasure added by the grocer is A) $4.50. B) $2.00. C) $1.25. D) $.50. E) $.75. 5. According to the above table, the section to GDP from the production of a loaf of Page 1 wampum is A) $4.50.
B) $.75. C) $.50. D) $1.25. E) $2.00. 6. Which of the following is the dress hat measure of how individuals benefit from stinting growth? A) The lay of hunk B) The compute of accession in significant GDP per capita C) The set out of cast up in real GDP D) The rate of increase in GDP E) The rate of increase in GDP per capita 7. The adjective real, in the verge real GDP, is used to bring that A) this measure of widening is modify for the governments economic involvement. B) this measure of product is adjusted for the general increase in prices over time. C) it measures only real goods and services, not the value of those that cant be measured much(prenominal) as a home-cooked meal. D) this...If you want to bug out a honest essay, station it on our website: Ordercustompaper.com
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