Question 1

Who made the first major attempt to estimate national income in a somewhat comprehensive manner?

Accepted Answer

A) robert fisher 
B) john maynard keynes 
C) simon kuznets 
D) arthur pigou 
A) robert fisher 
B) john maynard keynes 
C) simon kuznets 
D) arthur pigou

Question 2

Imputed value of good is added to the GDP because:

Accepted Answer

A) they indeed represent value 
B) there is no market price for that 
C) they increase consumption 
D) none of the above 
A) they indeed represent value 
B) there is no market price for that 
C) they increase consumption 
D) none of the above

Question 3

Investment is reckoned by which method for computing GDP:

Accepted Answer

A) income method 
B) productmethod 
C) expenditure method 
D) value added method 
A) income method 
B) productmethod 
C) expenditure method 
D) value added method

Question 4

A substantial increase in the rate of interest can cause:

Accepted Answer

A) increase in savings 
B) reduce propensity to consume 
C) all the above 
D) none of the above 
A) increase in savings 
B) reduce propensity to consume 
C) all the above 
D) none of the above

Who made the first major attempt to estimate national income in a somewhat comprehensive manner?

Imputed value of good is added to the GDP because:

Investment is reckoned by which method for computing GDP:

A substantial increase in the rate of interest can cause:

Classical Economic Theory

Economics Model and IS-LM Analysis

Macro Economics Terminology and Concepts

Keynesian Economics and Related Concepts

Economic Theory and Methodology: Exploring the Fundamentals of Economics

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Exam 5: National Income Accounting and Keynesian Economics

Who made the first major attempt to estimate national income in a somewhat comprehensive manner?

Imputed value of good is added to the GDP because:

Investment is reckoned by which method for computing GDP:

A substantial increase in the rate of interest can cause:

Classical Economic Theory

Economics Model and IS-LM Analysis

Macro Economics Terminology and Concepts

Keynesian Economics and Related Concepts

Economic Theory and Methodology: Exploring the Fundamentals of Economics

Filters