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Select the three macroeconomic policy goals from the following list.

• Keep the economy growing over time

• Limit unemployment

• Keep prices stable

• Raise unemployment

• Keep the economy shrinking over time

What measure shows how well the economy is doing over time?

• Gross Domestic Product

• Unemployment Rate

• Inflation Rate

Which of the following is NOT included in a country's GDP?

• Consumer Spending

• Business Spending

• Government Spending

• Net Exports

• Net Imports

What measure shows how well the economy is doing over time?

• Gross Domestic Product

• Unemployment Rate

• Inflation Rate

Which of the following is NOT included in a country's GDP?

• Consumer Spending

• Business Spending

• Government Spending

• Net Exports

• Net Imports

What is being represented by the "green flow lines"

• Flow of Money
• Flow of Goods and Services
• law

In the circular flow model, the product market describes _____.

• stores that sell goods and services to households
• the government paying for public goods
• households selling their labor to businesses
• households receive income from businesses

What does government provide with the revenue it takes in from taxes?

• Headaches

• Public goods and services

• More Congressmen

• Greater control of the media

In the circular flow model, consumption goods are bought and sold in the

• product market
• financial market
• resource market
• government market

Is this counted in the GDP of the US?

Cars made by a Japanese company in California.

• Yes

• No