Questions 1 through 15 are worth 3 factors each. Clearly circle the main one best answer to each question. You shall not obtain credit if your answer choice is unclear or ambiguous. Make sure to read each question carefully so you know what it is asking and what each answer means.
1. At which point is the economy in an economic expansion? 2. Of which point is the economy in a tough economy? 5. Which of the following is not directly a component of GDP measured using the factor payments approach? 6. Which of the following statements about the dimension of U.S.
All final goods produced by U.S. Sales of bonds and shares are included in GDP. All final goods produced inside the U.S. GDP steps the volume of total sales in the U.S. None of the above mentioned statements are true. GDP as part of investment. GDP within world wide web exports.
GDP as part of the value of last goods. GDP because they are not produced. 8. Which of the next is not among the techniques used to compute GDP? The factor payments strategy. 9. Which of the following would not be included when using the expenditure approach to calculate GDP? The amount allocated to services and goods such as food and clothing. The total amount businesses devote to things such as machinery.
The amount the government spends on things such as tanks and office paper. The total amount the federal government spends on things such as income …