Site MapHelpFeedbackMultiple Choice Quiz
Multiple Choice Quiz
(See related pages)

1
GDP =
A)C + I + G
B)C + G + X
C)C + I + G + X
D)none of the above
2
In order to avoid _______, when calculating GDP, one should include only the final goods and exclude the intermediate goods that are used in the production process.
A)inflation
B)statistical bias
C)double counting
D)value-added
3
Which of the following is GDP at current prices?
A)nominal GDP
B)real GDP
C)inflationary GDP
D)value-added GDP
4
Which of the following is an index of the volume or quantity of goods and services provided?
A)GDP deflator
B)real GDP
C)CPI
D)PPI
5
Which of the following is not a category of consumption expenditures?
A)durable goods
B)nondurable goods
C)services
D)imports
6
Which of the following is the term used to describe an addition to a nation's capital stock?
A)inflation
B)real GDP
C)nominal GDP
D)investment
7
Transfer payments are:
A)the total number of inputs used in production.
B)the amount of capital that has been used in a year.
C)government payments to individuals that are not made in exchange for goods or services supplied.
D)all of the above.
8
The difference between exports and imports is called:
A)the total number of inputs used in production.
B)the amount of capital that has been used in a year.
C)government payments to individuals that are not made in exchange for goods or services supplied.
D)net exports.
9
Subtracting depreciation from GDP yields:
A)real GDP.
B)the GDP deflator.
C)net domestic product.
D)gross national product.
10
_______ is the total output produced with inputs owned by the residents of the country. ______ is the output produced with inputs located inside the country.
A)Net domestic product; Gross national product
B)Gross national product; Net domestic product
C)Gross national product; Gross domestic product
D)Gross domestic product; Gross national product





To learn more about the book this website supports, please visit its Information Center.
(c)2010 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Notice.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.


EconomicsOnline Learning Center

Home > Chapter 20 > Multiple Choice Quiz