Worksheetsecon
Total questions: 9
Worksheet time: 5mins
Who controls U.S. fiscal policy?
the President
the President and Congress
Congress
Which of the following would NOT be investment?
a person buying stock in a new company from a Wall Street bank
a family in Manhattan purchasing an apartment that was just built
a trucking company buying a newly built truck
Which of the following would be the best example of capital?
a lawn mower owned by a household
rubber purchased by a tire manufacturer
a crane owned by a construction company
According to our textbook, highly paid professional investors can consistently predict stock prices.
true
false
When the U.S. runs a trade deficit, the funds that flow overseas are lost to the U.S.
true
false
Which part of fiscal policy is directly included in expenditures as measured by GDP?
only taxes
only government purchases
both
neither
Which would be the case if inventories were rising across the economy?
production is greater than final sales
production equals final sales
production is less than final sales
Which of the following would NOT be counted in GDP this year?
a car manufactured and purchased in 2020 and sold to a new owner this year
milk sold to a consumer at a grocery store this year
a new tractor that a farmer purchased this year
For a given year, which would most likely be larger in the U.S.?
the value of all capital
investment spending that year
