Trắc Nghiệm Kinh Tế Vĩ Mô

How is net national product (NNP) calculated?

• Depreciation is deducted from the total income of a country's citizens

• Savings are added to the total income generated by a country

• Depreciation is added to the total income generated by a country

• Savings are added to the total income of a country's citizens

The investment component in GDP measures spending on

• Financial assets like stocks and bonds. During a recession, investment decreases by a relatively large amount

• Financial assets like stocks and bonds. During a recession, investment decreases by a relatively small amount

• Residential construction, business structures and equipment, and changes in inventory. During a recession, investment decreases by a relatively small amount

• Residential construction, business structures and equipment, and changes in inventory. During a recession, investment decreases by a relatively large amount

Disposable income is the income that

• Households have left after paying taxes and other payments to the government

• Households and businesses have left after paying taxes and other payments to the government

• Businesses have left after paying taxes and other payments to the government

• Households and small business activities have left after paying taxes and other payments to the government

The GDP deflator reflects

What does the GDP deflator reflect?

• The current year's real output compared to the base year's real output

• The base year's real output compared to the current year's real output

• The current year's price compared to the base year's price

• The base year's price compared to the current year's price

GDP is defined as?

• The market value of all final goods and services produced by the citizens of a country, regardless of where they live, over a certain period of time

• The market value of all goods and services produced within a country over a certain period of time

• The market value of all final goods and services produced by the citizens of a country, regardless of where they live, over a certain period of time

• The market value of all final goods and services produced within a country over a certain period of time

When economists refer to intangible items, they will refer to things like?

• Illegal goods and the value of those items excluded from GDP

• Illegal goods and the value of those goods included in GDP

• Hair styling and dental care, the value of those items excluded from GDP

• Hair styling and dental care, the value of those items included in GDP

International studies on the relationship between GDP per capita and measuring quality of life such as life expectancy and literacy rates show that higher GDP per capita is associated with?

• Similarities in life expectancy and lower literacy rates

• Longer life expectancy and higher literacy rates

• Similarities in life expectancy and higher literacy rates

• Longer life expectancy and lower literacy rates

Which of the following statements about life expectancy and literacy rate is correct?

• Life expectancy is lower and the literacy rate is lower

• Life expectancy is higher and the literacy rate is higher

• They are similar in terms of life expectancy and the literacy rate is higher

• Life expectancy is higher and the literacy rate is lower

Which of the following statements about GDP is correct?

• GDP is often seen as a good measure of the economic welfare of society

• Money continuously flows from households to companies and then back to households, and GDP measures this flow

• All of the above statements are correct

• GDP simultaneously measures the total income of everyone in the economy and the total spending on goods and services in the economy