Reference no: EM131167191
1. Gross Domestic Product measures which of the following?
A. Total output produced by one firm.
B. Total output produced by GM.
C. Total output produced by the government.
D. Total output produced within a country.
2. The measure of total output is considered a
A. Quantitative measure.
B. Qualitative measure.
C. Comprehensive characteristic measure.
D. Non-numeric measure.
3. In the circular flow diagram income is received in which of the following markets?
A. The goods markets.
B. The output markets.
C. The factor markets.
D. The product markets.
4. In the circular flow diagram expenditure is made in which of the following markets?
A. The resource markets.
B. The factor markets.
C. The input markets.
D. The goods markets.
5. In calculating GDP which of the following is correct?
A. Income must be equal to the factors of production.
B. Income must be equal to expenditure.
C. Income must be equal to resources.
D. Income must be equal to inputs.
6. Income represents which of the following?
A. Aggregate supply.
B. Aggregate demand.
C. Aggregate expenditure.
D. Aggregate spending.
7. If net exports is positive then
A. GDP will be smaller.
B. GDP will be the same.
C. GDP will be bigger.
D. GDP will be lower.
8. Total income generated in production must be equal to
A. The value of total raw materials.
B. The value of total non-physical inputs.
C. The value of total goods produced.
D. The value of total implicit inputs.
9. Omissions from GDP include
A. Market activities.
B. Paint bought at a paint store.
C. Tires bought at a tire shop.
D. Manhours used to produce output.
10. Actual physical output produced in the economy is
A. Real GDP.
B. Nominal GDP.
C. Quantitative GDP.
D. Inflation unadjusted GDP.
|
Information security implementation
: List the essential steps for a successful Information Security Implementation.
|
|
Equal to the total dollar value the land would yield
: The U.S. government bought 112,000 acres of land in southeastern Colorado in 1968 for $17,500,000. The cost of using this land today exclusively for the reintroduction of the black-tailed prairie dog is zero, because they already own the land. is zer..
|
|
Write down the linear equation
: Write down the linear equation for both regressions Which factors seems to have significant impact on success in graduate school Which factors have significant impact on school ranking? Are those the same factors? How do you interpret the discrepancy..
|
|
Make room for yoda
: The new Star Wars movie "Make Room for Yoda" is opening at the local cineplex on Friday. The cineplex announces that no passes or discounts will be honored for "Make Room for Yoda". Cineplex management believes that demand for the new movie will
|
|
Total income generated in production must be equal to
: Gross Domestic Product measures which of the following? In the circular flow diagram income is received in which of the following markets? In the circular flow diagram expenditure is made in which of the following markets? Total income generated in p..
|
|
Paper topic-web services
: The Web is more and more each and everyday. You can now software such as Microsoft office on the web in such as Google Docs. This allows you to any document you can in online as well as share this and update much easier.
|
|
Households own the factors of production
: To measure total output for an economy the measure GBP is utilized. GDP is considered a macroeconomic variable. Economic activity is indicated by the measure GDP. GDP is a qualitative measure of total output. Households own the factors of production.
|
|
Violation of the company prohibition on child labor
: A visiting American executive finds that a foreign subsidiary in a poor nation has hired a 12-year-old girl to work on a factory floor, in violation of the company’s prohibition on child labor. He tells the local manager to replace the child and tell..
|
|
Based upon recording balance of payment transactions
: Based upon recording balance of payment (BOP)transactions, determine whether or not the following is a debit, credit,or no entry to the U.S. Balance of Payment statement. What type of exposure could the CFO of H&M in the U.S. be subjected to since H&..
|