Macroeconomic Indicators

Front

Are imports subtracted from the gross domestic product of a country?

Back

True

Front

The monetary value of a good sold last year could still be counted as part of this year’s GDP.

Back

False

Front

The GDP is an example of a macroeconomic indicator.

Back

True

Front

The monetary value of a good sold last year could still be counted as part of this year’s GDP.

Back

False

Front

___________ is subtracted from calculations of the gross domestic product.

Back

Imports

Front

Which of the following would be included in Consumption?
Leatrix buying a McDonald’s cheeseburger
Kristia selling her locally-produced sampaloc perfume to grandmothers living in Korea.
Jasmin constructing a building for her new dog café.
Kate buying a smart car from Toyota Japan.

Back

Leatrix buying a McDonald’s cheeseburger

Front

Which of the following would be included in Imports?
Leatrix buying a McDonald’s cheeseburger
Kristia selling her locally-produced sampaloc perfume to grandmothers living in Korea.
Jasmin constructing a building for her new dog café.
Kate buying a smart car from Toyota Japan.

Back

Kate buying a smart car from Toyota Japan.

Front

Which of the following would be included in Investment?
Leatrix buying a McDonald’s cheeseburger
Kristia selling her locally-produced sampaloc perfume to grandmothers living in Korea.
Jasmin constructing a building for her new dog café.
Kate buying a smart car from Toyota Japan.

Back

Jasmin constructing a building for her new dog café.

Front

What is the formula for GDP?

Back

C + I + G + (X-M)

Front

Given, these figures, what is the value of GDP? Consumption - 300 M, Investment - 100 M, Gov't Spending - 100 M, Exports - 20 M, Imports - 10 M

Back

510 M