Macroeconomics

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The term capital consumption allowance is defined as: a. the amount of net interest in an economy ... Started by nramada	1 Replies 57 Views	Jun 30, 2018 by macagnavarro
The purchase of a new machine to replace the one that is worn out is: a. not included in GDP. b. ... Started by cagreen833	1 Replies 92 Views	Jun 30, 2018 by ktidd
Which of the following can be a valid reason for Canada's GDP exceeding its GNP in 2001? a. Net ... Started by karateprodigy	1 Replies 80 Views	Jun 30, 2018 by chjcharjto14
The difference between GNP and NNP is equal to: a. the statistical discrepancy in calculation. b. ... Started by jazziefee	1 Replies 52 Views	Jun 30, 2018 by Melissahxx
National income is the sum of: a. personal income and personal tax payments. b. proprietors' ... Started by plus1	3 Replies 92 Views	Jun 30, 2018 by Dinolord
Suppose that personal income is 250 billion. Furthermore, assume that retained corporate earnings ... Started by sarasara	1 Replies 129 Views	Jun 30, 2018 by upturnedfurball
Which of the following would not be included as part of personal income? a. Welfare benefits b. ... Started by Haya94	1 Replies 74 Views	Jun 30, 2018 by jasonq
Which of the following represents the amount of income that is actually available to people for ... Started by Pineappleeh	1 Replies 150 Views	Jun 30, 2018 by ebonylittles
Which of the following is true of real GDP? a. It measures a nation's output in terms of current ... Started by Collmarie	1 Replies 86 Views	Jun 30, 2018 by cassie_ragen
If both real GDP and nominal GDP of a country increased at the same rate in a particular year, which ... Started by Mr. Wonderful	1 Replies 63 Views	Jun 30, 2018 by ciecieme
The price index for the current year is 180 . This means that, on average, prices in the current ... Started by Kthamas	1 Replies 148 Views	Jun 30, 2018 by stallen
Suppose the current price of DVDs is 16, while its base-year price is 11.50 . The value of the price ... Started by debasdf	1 Replies 698 Views	Jun 30, 2018 by Li Jun
The consumer price index: a. tracks the value of output over time. b. is not tied to ... Started by olgavictoria	3 Replies 112 Views	Jun 30, 2018 by mrphibs
National income accounting fills in the dollar values in the circular flow of income. a. True b. ... Started by RRMR	1 Replies 178 Views	Jun 30, 2018 by livaneabi
The circular flow diagram shows the flow of money and goods and services between households, firms, ... Started by Beheh	1 Replies 245 Views	Jun 30, 2018 by olivia_paige29
In-kind wages are not included in GDP. a. True b. False Indicate whether the statement is true or ... Started by Wadzanai	1 Replies 98 Views	Jun 30, 2018 by Harbringer
The sale of live cattle to a slaughterhouse constitutes a final transaction that is counted as part ... Started by lilldybug07	1 Replies 74 Views	Jun 30, 2018 by isabelt_18
According to the expenditures approach, gross domestic product represents the sum of consumption ... Started by ereecah	1 Replies 51 Views	Jun 30, 2018 by enass
Wheat produced in the U.S. but sold in Japan would not be included while calculating the U.S. GDP. ... Started by Jkov05	1 Replies 60 Views	Jun 30, 2018 by kingdude89
Personal income and property taxes paid by individuals are not included in the income approach of ... Started by codyclark	1 Replies 174 Views	Jun 30, 2018 by asdfghjkl;
The output produced by domestically owned firms in foreign countries is included in the U.S. GDP but ... Started by ereecah	3 Replies 144 Views	Jun 30, 2018 by skipfourms123
FICA taxes and corporate retained earnings are subtracted from national income when personal income ... Started by Diane	1 Replies 143 Views	Jun 30, 2018 by gstein359
To arrive at a more accurate measure of real output changes in an economy, nominal GDP figures ... Started by Redwolflake15	1 Replies 55 Views	Jun 30, 2018 by jasonq
If the price level in any country increases by 15 percent during a year, then the price index for ... Started by Pineappleeh	1 Replies 88 Views	Jun 30, 2018 by jlaineee
The market basket of goods and services used to calculate the consumer price index CPI by the ... Started by Capo	1 Replies 86 Views	Jun 30, 2018 by kardosa007