Our standard measure of GDP
Our standard measure of GDP will account for all but which of the following:
A.Military spending.
B.Domestic air travel.Â
C.Businesses building up inventory.
D.Sales of illegal bootleg DVDs.
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Which of the following is not considered Government Purchases for the purposes of calculating GDP?
A.The government purchases a tank.B.The government pays the salary of an IRS agent.
C.The government purchases a new office building.
D.The government issues a Social Security check to a retiree.
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Which of the following is the best measure of economic well-being?
A.Nominal GDP.
B.Real GDP.
C.Real GDP per person.
D.Inflation rate.
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If a country's net exports are negative, what does this mean?
A.The country is exporting more than it is importing.
B.Real GDP is falling.
C.The country is importing more than it is exporting.
D.Prices are falling.
Answers
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Posted 11 Jul 2017 11:07 PM
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