Value of output produced by an economy

Assignment Help Accounting Basics

Reference no: EM13787897

1) GDP understates the value of output produced by an economy because it

A. includes transactions that do not take place in organized markets, such as home cooked meals

B. includes environmental degradation caused by increased output production

C. excludes value added from the underground economy, such as tips taken under the table

D. excludes the value of the wages and benefits of government employee

2) Other things equal, a decrease in the real interest rate will

A. shift the investment demand curve to the right

B. shift the investment demand curve to the left

C. move the economy upward along its existing investment demand curve

D. move the economy downward along its existing investment demand curve

3) Other things equal, a decrease in corporate income taxes will

A. decrease the market price of real capital goods

B. have no effect on the location of the investment demand curve

C. shift the investment demand curve to the right

D. shift the investment demand curve to the left

4) Inflation in U.S. prices will cause

A. an increase in the demand for U.S. dollars and an appreciation in the exchange rate

B. an increase in the supply of U.S. dollars and a depreciation in the exchange rate

C. a decrease in the demand for U.S. dollars and a depreciation in the exchange rate

D. a decrease in the supply of U.S. dollars and an appreciation in the exchange rate

Reference no: EM13787897

Questions Cloud

What is configuration control in information systems : What is configuration control in information systems.

Write a research peaper about phill collins and steve wonder : Write a research peaper about a composer preferably phill collins, steve wonder it has to include bibliography.

Economies of scale are achieved at the minimum : All economies of scale are achieved at the minimum of

Health care communications issues : Explain and critically discuss what you take to be Hume's two best arguments for this claim.

Value of output produced by an economy : GDP understates the value of output produced by an economy because it

Assignment - international crime witness : Assignment: International Crime Witness, After providing your report to the professor in Assignment 2, the country's governing body asks you to return to the country and testify in the court proceedings. While you are abroad, your professor asks y..

Composers wrote the music for west side story : 1. Which of the following composers wrote the music for West Side Story?

Learning experience incorporates cultural relevance strategy : Description of the project that will need to be developed by the group and presented to the class. Description of how you plan to use the computer time (refer to the information in the Instructor Guidance for examples of how you might make this de..

Phrase before a downbeat : Notes that begin a phrase before a downbeat are known as pick-up notes or a/an

User Account

All Pages