Exam 6: Production, Income, and Employment

Kara is a construction worker.Because of adverse weather during the winter,she has been laid off from her job.She is available for work and has even sought work with other construction companies.Kara is

The monthly Household Survey by the United States Census Bureau (on behalf of the Bureau of Labor Statistics)has a national sample size of

Transfer payments are included in government budgets as spending,but are not included in the government purchases category of GDP.

The three methods for computing GDP include

Which of the following would not be considered a consumer durable?

If 130 million individuals are employed and 6 million are unemployed,what is the unemployment rate?

To measure the annual increase in the capital stock most broadly,we should include

Which of the following are included in GDP?

When is the U.S.economy at full employment?

Which of the following units is used to measure nominal GDP in the United States?

GDP measures the output produced within a nation's borders.

Suppose a computer manufacturer purchases a $100 case from a supplier,a $300 computer chip from another supplier,and sells the computers for $1000.How much did the company contribute to GDP?

Mark is an 86-year-old watchmaker who works ten hours a week to supplement his retirement income.In determining the U.S.unemployment rate,Mark would be considered

GDP is a flow variable because

Suppose that in 2009 the total value of exports was $250 million,while imports were $225 million.The contribution of net exports to GDP was

What is the difference between an intermediate good and a final good?

The total loss associated with the 2005 Hurricanes Katrina and Rita are estimated to be between

The primary macroeconomic cost of unemployment is

Which of the following annual real GDP growth rates would be needed just to maintain output per capita in the United States?

Used car dealerships add nothing to GDP because the cars they sell were already recorded in GDP when they were new.