A) France.
B) Italy.
C) Britain.
D) Germany.
E) Norway.
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A) consists mainly of such involuntary transfer payments as savings and loan fraud and bank robberies.
B) consists only of illegal activities such as prostitution,loan-sharking,and narcotics.
C) is a very stable percentage of GDP.
D) causes GDP to be underestimated by 10 to 15 percent.
E) is a much larger percentage in the United States than in most other countries.
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(1)
(2)...View Answer
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(2)...
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A) decrease of 10 percent.
B) decrease of 3 percent
C) increase of 3 percent.
D) decrease of 10 percent
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A) rent.
B) interest.
C) profits.
D) salaries and wages.
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A) Per capita real GDP fell.
B) Per capita real GDP stayed the same.
C) Per capita real GDP rose by a greater percent than the rise in per capita GDP.
D) Per capita real GDP rose by a smaller percent than the rise in per capita GDP.
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national income (5,0...View Answer
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A) Per capita GDP fell.
B) Per capita GDP stayed the same.
C) Per capita GDP rose by over 100%.
D) Per capita GDP rose by 25%.
E) Per capita GDP rose by 50%.
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A) goods and services which are unsold and therefore added to inventories.
B) goods and services whose value has been adjusted for changes in the price level.
C) good and services purchased by ultimate users,as opposed to resale or further processing.
D) the excess of American exports over American imports.
E) consumer goods,as opposed to investment goods.
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A) 8.9%
B) 2.5%
C) -2.5%
D) -8.9%
E) There is not enough information to answer this question.
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A) goods that are purchased by the government.
B) goods that are transferred to the states.
C) products produced by the federal government but consumed by the states.
D) products produced by business firms for resale to other firms for further processing before sold to the final consumer of the product.
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A) quadruple.
B) double.
C) stay exactly the same.
D) decline by 25 percent.
E) decline by 50 percent.
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net domestic product...View Answer
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A) military expenditures were included in GDP.
B) military expenditures were excluded from GDP.
C) the government did not purchase goods and services.
D) stock market transactions were excluded from GDP.
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A) the total earnings of all the productive resources used to produce GDP.
B) equal to consumption plus savings plus investment expenditures.
C) the flow of productive resources from households to firms.
D) None of the choices are true of national income.
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A) military spending.
B) the value of leisure time.
C) depreciation of the nation's capital.
D) more than one of the above.
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A) risen by 25 percent.
B) risen by 125 percent.
C) fallen by 25 percent.
D) fallen by 125 percent.
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