A) the difference between gross investment and net investment B) the difference between GDP and NDP C) the difference between GNP and NNP D) the consumption of fixed capital E) all of the above A) the difference between gross investment and net investment B) the difference between GDP and NDP C) the difference between GNP and NNP D) the consumption of fixed capital E) all of the above

Exam 2: National income accounting

Assume exports = 300, imports = 400, tax revenues = 1,100, government purchases = 1,400, private domestic saving = 900.Then the level of private domestic investment is

(Multiple Choice)

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Question 21

Assume you can exchange 10 Mexican pesos for one U.S.dollar, but you need only 0.64 British pounds to get one U.S dollar.What does this imply?

(Multiple Choice)

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(74)

Question 22

Which of the following is TRUE?

(Multiple Choice)

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Question 23

Assume you deplete your savings to buy a new sofa and some government bonds and then take a vacation in a foreign country.Which of the following is true?

(Multiple Choice)

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(80)

Question 24

Assume government purchases = $1,500, the budget deficit = $120, consumption = $4,800, private domestic saving = $1,220, the trade deficit = $90, and transfer payments = $0.Which of the following is true?

(Multiple Choice)

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Question 25

If gross investment were zero, which of the following would be true?

(Multiple Choice)

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Question 26

Assume nominal GDP was $16.0 trillion in Year 1 and $17.6 trillion in Year 2.If Year 1 is the base year, then

(Multiple Choice)

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Question 27

Assume you built a new house, bought a used car, and bought some government bonds.Which of the following is true?

(Multiple Choice)

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(71)

Question 28

If we look at U.S.net exports over the last four decades, we realize that

(Multiple Choice)

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Question 29

Which of the following identities is FALSE?

(Multiple Choice)

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Question 30

Depreciation is

(Multiple Choice)

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Question 31

Assume a U.S.dealer bought 100 TVs from South Korea for $250 each in 2012.He subsequently sold 80 of them in 2012 for $450 each, and the rest in 2013 for $400 each.By how much was the U.S.GDP affected in 2012?

(Multiple Choice)

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Question 32

If nominal GDP was $9,200 billion in Year 1 and $9,420 billion in Year 2 and prices increased from Year 1 to Year 2, then

(Multiple Choice)

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Question 33

If the government increases taxes, which of the following is LEAST likely to occur?

(Multiple Choice)

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Question 34

If we counted the value of autoworkers' salaries, wheels, tires, steel, body parts, and final car sales in calculating GDP, then we would be

(Multiple Choice)

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(73)

Question 35

Assume that GDP = 4,800, consumption = 3,400, private domestic savings = 400, government purchases = 1,200, and net exports = -120.Which of the following is true?

(Multiple Choice)

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(77)

Question 36

If the nominal interest rate on a government bond is 6% and the rate of inflation is 4%, what is your real rate of return on this government bond?

(Multiple Choice)

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(83)

Question 37

In calculating this year's GDP, national income accountants

(Multiple Choice)

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Question 38

Which of the following is FALSE?

(Multiple Choice)

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(90)

Question 39

Assume that the prices of cars manufactured in the U.S.increases due to an increase in quality.Which of the following should happen if the same number of cars is produced?

(Multiple Choice)

5.0/5

(90)

Question 40

Showing 21 - 40 of 50

Exam 2: National income accounting

Assume exports = 300, imports = 400, tax revenues = 1,100, government purchases = 1,400, private domestic saving = 900.Then the level of private domestic investment is

Assume you can exchange 10 Mexican pesos for one U.S.dollar, but you need only 0.64 British pounds to get one U.S dollar.What does this imply?

Which of the following is TRUE?

Assume you deplete your savings to buy a new sofa and some government bonds and then take a vacation in a foreign country.Which of the following is true?

Assume government purchases = $1,500, the budget deficit = $120, consumption = $4,800, private domestic saving = $1,220, the trade deficit = $90, and transfer payments = $0.Which of the following is true?

If gross investment were zero, which of the following would be true?

Assume nominal GDP was $16.0 trillion in Year 1 and $17.6 trillion in Year 2.If Year 1 is the base year, then

Assume you built a new house, bought a used car, and bought some government bonds.Which of the following is true?

If we look at U.S.net exports over the last four decades, we realize that

Which of the following identities is FALSE?

Depreciation is

Assume a U.S.dealer bought 100 TVs from South Korea for $250 each in 2012.He subsequently sold 80 of them in 2012 for $450 each, and the rest in 2013 for $400 each.By how much was the U.S.GDP affected in 2012?

If nominal GDP was $9,200 billion in Year 1 and $9,420 billion in Year 2 and prices increased from Year 1 to Year 2, then

If the government increases taxes, which of the following is LEAST likely to occur?

If we counted the value of autoworkers' salaries, wheels, tires, steel, body parts, and final car sales in calculating GDP, then we would be

Assume that GDP = 4,800, consumption = 3,400, private domestic savings = 400, government purchases = 1,200, and net exports = -120.Which of the following is true?

If the nominal interest rate on a government bond is 6% and the rate of inflation is 4%, what is your real rate of return on this government bond?

In calculating this year's GDP, national income accountants

Which of the following is FALSE?

Assume that the prices of cars manufactured in the U.S.increases due to an increase in quality.Which of the following should happen if the same number of cars is produced?

Introduction

Growth and accumulation

Growth and policy

Aggregate supply and demand

Aggregate supply and the phillips curve

Unemployment

Inflation

Policy preview

Income and spending

Money, interest, and income

Monetary and fiscal policy

International linkages

Consumption and saving

Investment spending

The demand for money

The fed, money, and credit

Policy

Financial markets and asset prices

The national debt

Recession and depression

Inflation and hyperinflation

International adjustment and interdependence

Advanced topics

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