FREE AND STUDY GAMES ABOUT MACROECONOMICS 2

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FREE AND STUDY GAMES ABOUT MACROECONOMICS #2

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -18 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: GDP is equal to?

Answer:

C + lg + G +Xn

Question 2: What is the largest component of GDP?

Answer:

Personal Consomption Question 3: In calculating the unemployment rate discourage workers who are not actively seeking employment are?

Answer:

excluded Question 4: The reocurring ups and downs in the level of economic activity extending over several years is a discription of?

Answer:

the bussiness cycle

Question 5: Gdp excludes most non market transactions therefore GDP tends to?

Answer:

Underestimated the amount of production in the economy.

Question 6: Gdp is the total market value of?

Answer:

All final goods and services used in an economy in a give year.Question 7: If a nations real GDP is growing by 3 percent per year. Its real domestic output will double in approximately how many years?

Answer:

23 yrs Question 8: WHich would be the best economic measure to compare standards of living among nations overtime?

Answer:

Real income per capita

Question 9: A recession is a decline in ?

Answer:

The GDP that last 6 months or longer.

Question 10: When gross private domestic investment exceeds depreciation?

Answer:

Investement is positive.

Question 11: IN an economy experiencing declining production capacity?

Answer:

Net private domestic investment is negative.

Question 12: DIsposable income differs from personal income by?

Answer:

Personal Taxes.

Question 13: Kevin has lost his job in an automobile plant because of the use of robots for welding on the assembly line. Kevin plans to go to school to learn how to repair microcomputers. The type of unemployment kevin is faced with is?

Answer:

Structural

Question 14: The best example of a frictional unemployed worker is one who?

Answer:

is in the process of voluntarily switching jobs.

Question 15: Nominal differ from real GDP?

Answer:

Real GDP is adjusted for changes in the price level.

Question 16: How does GDP differ fron NDP?

Answer:

Gross investment is used in calculating gross domestic products, Net investment is used in calculating net domestic products.

Question 17: What is the consumption of fixed capital?

Answer:

Depriciation

Question 18: What are net exports?

Answer:

Exports less imports