Unit 2: Macroeconomics Review
Flashcard
•
History
•
12th Grade
•
Hard
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21 questions
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1.
FLASHCARD QUESTION
Front
What is GDP per capita?
Back
The total GDP divided by the nation's population
2.
FLASHCARD QUESTION
Front
Which of the following is excluded from the GDP?
Export sales,
Second hand sales,
Consumer Spending,
Government Spending
Back
Second hand sales
3.
FLASHCARD QUESTION
Front
What is the difference between Current GDP and Real GDP?
Back
Current GDP is the GDP right now and not adjusted for inflation, while Real GDP is the GDP adjusted for inflation.
4.
FLASHCARD QUESTION
Front
What does Gross National Product (GNP) include that GDP does not?
Back
The market value of goods and services produced by labor and property supplied by U.S. residents, including production outside of U.S. borders
5.
FLASHCARD QUESTION
Front
How often is the U.S. Census Bureau's population count conducted?
Back
Every 10 years
6.
FLASHCARD QUESTION
Front
What could be a consequence of population growth being too slow?
Back
Labor shortages
7.
FLASHCARD QUESTION
Front
What does the Dependency Ratio measure?
Back
The number of children/elderly per 100 working age people
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