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Gdp Quiz 7 (25 MCQs)

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1. Extrinsic motivation is
2. Canadian citizens buy American-made Blu-Rays. For the US economy it falls under _____
3. Welfare payments
4. If the economy is at full employment, then the unemployment rate
5. You buy some Toblerone chocolate manufactured in Switzerland. Where would this show up in the GDP formula?
6. Which variable constitutes the largest portion of GDP using the expenditure method?
7. Which of the following is the best measurement of economic growth?
8. Retail sales are a good indication of
9. After people pay their taxes, the amount of money they have left is called
10. _____ always decreases purchasing power
11. Business spending is also called
12. GDP divided by a country's total population results in
13. In the following equation, what does X represent?GDP= C+I+G+(X-M)
14. Milk, Bread, Eggs, Bacon. These goods are:
15. _____ GDP is the total value of all production in one year measured at current prices. _____ GDP is the total value of all production in one year adjusted for inflation.
16. Old Mr. Davidson collects a Social Security check every month. Is this included in government spending?
17. A balanced budget is best described as which of the following
18. Equilibrium in the loanable funds market determines the:
19. Inflation means that:
20. The calculation of GDP would include
21. If the government hires a private company to fix a road, then _____
22. If nominal GDP increases, this means:
23. Suppose that in a particular country, nominal gross domestic product (GDP) grew 8 percent, and the GDP deflator increased by 10 percent. The country's growth rate of Real GDP would be approximately equal to
24. Which type of unemployment is this:Stephen has been desparately trying to find a job, but because of the stock market crash no one is hiring.
25. A British family purchased a one year subscription to Netflix, a U.S. based company.
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