logo image

MAcro 2

Which of the following headlines would be related to what macro economists study
Real GDP grows by 2.3% in the second quarter
During a business cycle expansion, total production _______ and total employment ________
increases,increases
GDP
the total market value of final goods and sevices produced in the economy during a period of time
Directly counted in GDP
a 12 inch Subway sandwich purchased by a student
Represents the purchase of a final good
Your father buys a new John Deere riding lawn mower
Which of the following is not directly counted in GDP
intermediate goods
In the circular flow model, the value of total production for an economy ________ final goods and services.
equals
Which of the following is not an example of a transfer payment?
health insurance payments to an army private
The factors of production include
Capital
Investment, as defined by economists, would include the purchase of a
computer by an accounting firm
Investment, as defined by economists, would not include which of the following?
buys U.S. government bonds
The purchase by a Chinese household of a CD produced in the united states is included in U.S.
Net exports
would be included in the official calculation of GDP
you buy a new ipod
A transfer payment is a payment by the government to an individual
for which the government does not receive a good or service in return
Ex- Welfare payment
In the curcular flow diagram, ______ supply the factors of production, and ______ goods and services
households, buy
Which of the following equations correctly measures GDP in an economy?
GDP=C+I+G+NX
GDP understates the total production of final goods and services because of the omission of
the underground economy
Bob stops working for Mary to care for the children
GDP will decrease
Nominal GDP is GDP in a given year
valued in the prices of that year
Real GDP is GDP in a given year
If the quantity of goods and services produced in the economy decreases
it may be possible for nominal GDP to increase
GDP
The total market value of final goods and services produced in the economy during a period of time
The best measure of the standard of living is
real GDP per capita
Discouraged workers are classified by the BLS as
not in the labor force
A worker experiencing cyclical unemployment?
A freightliner employee that got laid off because of the recession of 2007-2009
Frictional unemployment
A worker quits his job at the post office to find more interesting work

Need essay sample on "MAcro 2"? We will write a custom essay sample specifically for you for only $ 13.90/page

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy