Exam 19: Measuring Economic Performance

The formula from the expenditure method indicates that GDP is equal to:

What is the measure of the income received by owners of resources used in making final goods and services?

Which of the following is included in the investment category under the expenditure approach to GDP accounting?

If nominal GDP increased from $5,000 billion in 2010 to $5,500 billion in 2011 and the GDP deflator increased from 130 to 140 over the same time period,what would the 2011 real GDP equal expressed in terms of 2010 dollars?

In 2011,U.S.GDP totaled approximately:

U.S.nominal GDP:

Which of the following is included in the calculated gross domestic product?

When you buy a pickup truck to use at home,it is included in the investment component of GDP.

Which of the following is an example of an intermediate good?

Real GDP per capita increases if the population grows at a rate faster than real GDP.

If real GDP increased by 2% and nominal GDP increased by 4%,then output:

Final goods or services used to compute GDP refer to:

Exhibit 19-1 Refer to Exhibit 19-1.Investments (I)for the year in question is:

Net exports are a ____ proportion of GDP and have recently been ____ for the United States.

The total dollar value of purchases in the economy is far larger than GDP primarily because:

GDP is:

Gross national product is equal to:

In some rural regions of the United States,residents harvest much of their food supplies directly from nature by hunting,fishing,and gathering.With regard to these subsistence activities:

Real GDP is:

The net national product (NNP)can be obtained from the GDP by: