Question 1

An example of an intermediate good would be

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Question 2

Consumption is approximately ________ of gross domestic product (GDP).

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Question 3

You bought a popular video game last year for $75 and sold it to a store this year for $20.The store sells the used game to a consumer for $40.When you sell your game to the store,how is this included in gross domestic product (GDP)?

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Question 4

Which is the largest component of U.S.gross domestic product (GDP)?

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Question 5

You bought a popular video game last year for $75 and sold it to a store this year for $20.The store sells the used game to a consumer for $50.This adds ________ to gross domestic product (GDP)when the store sells the game to the consumer.

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Question 6

The consumption category includes all purchases

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...

Question 7

Goods that firms repackage with other goods for sale at a later stage are

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Question 8

A company sells 100 boxes of chocolate,yet it only produced 90 boxes of chocolate during the year.Which of the following is true?

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Question 9

Bob wins the lottery.This ________ included in ________ category of gross domestic product (GDP).

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Question 10

When you buy a new car built by Ford,it is included in the ________ category of gross domestic product (GDP).

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Question 11

Joe sells the house he has lived in for 10 years to the Smith family for $300,000.He receives $50,000 more than his original purchase price 10 years ago.Joe pays his real estate agent a 5 percent sales commission.This transaction will increase gross domestic product (GDP)by

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Question 12

Bob sells his car to Stan's Used Car Lot for $5,000.Stan's Used Car Lot sells the car to Bill for $5,500.This transaction contributes ________ to gross domestic product (GDP).

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Question 13

The investment spending category of gross domestic product (GDP)does NOT include

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Question 14

A computer company builds a new factory.This is included in the ________ category of gross domestic product (GDP).

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Question 15

The four major expenditure categories of gross domestic product (GDP)are

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Question 16

When people in the United States buy clothing made in China,this counts as

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Question 17

You bought stock in 2010 for $100 and you sold it in 2012 for $200.You used a broker to sell the stock for you,and he charged you $20.This transaction contributed ________ to gross domestic product (GDP).

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Question 18

Ford produces 100,000 cars this year and only sells 95,000.The 5,000 cars that are not sold ________ listed in ________ category of gross domestic product (GDP).

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Question 19

The consumption category of gross domestic product (GDP)includes all purchases of final goods and services by households EXCEPT

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Question 20

When George buys a new computer for his business,it is included in gross domestic product (GDP)as ________,and when he buys a new computer for use at home,it counts as ________.

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Quiz 19: Introduction to Macroeconomics and Gross Domestic Product

An example of an intermediate good would be

Consumption is approximately ________ of gross domestic product (GDP) .

You bought a popular video game last year for $75 and sold it to a store this year for $20.The store sells the used game to a consumer for $40.When you sell your game to the store,how is this included in gross domestic product (GDP) ?

Which is the largest component of U.S.gross domestic product (GDP) ?

You bought a popular video game last year for $75 and sold it to a store this year for $20.The store sells the used game to a consumer for $50.This adds ________ to gross domestic product (GDP) when the store sells the game to the consumer.

The consumption category includes all purchases

Goods that firms repackage with other goods for sale at a later stage are

A company sells 100 boxes of chocolate,yet it only produced 90 boxes of chocolate during the year.Which of the following is true?

Bob wins the lottery.This included in category of gross domestic product (GDP) .

When you buy a new car built by Ford,it is included in the ________ category of gross domestic product (GDP) .

Joe sells the house he has lived in for 10 years to the Smith family for $300,000.He receives $50,000 more than his original purchase price 10 years ago.Joe pays his real estate agent a 5 percent sales commission.This transaction will increase gross domestic product (GDP) by

Bob sells his car to Stan's Used Car Lot for $5,000.Stan's Used Car Lot sells the car to Bill for $5,500.This transaction contributes ________ to gross domestic product (GDP) .

The investment spending category of gross domestic product (GDP) does NOT include

A computer company builds a new factory.This is included in the ________ category of gross domestic product (GDP) .

The four major expenditure categories of gross domestic product (GDP) are

When people in the United States buy clothing made in China,this counts as

You bought stock in 2010 for $100 and you sold it in 2012 for $200.You used a broker to sell the stock for you,and he charged you $20.This transaction contributed ________ to gross domestic product (GDP) .

Ford produces 100,000 cars this year and only sells 95,000.The 5,000 cars that are not sold listed in category of gross domestic product (GDP) .

The consumption category of gross domestic product (GDP) includes all purchases of final goods and services by households EXCEPT

When George buys a new computer for his business,it is included in gross domestic product (GDP) as ,and when he buys a new computer for use at home,it counts as .

Quiz 19: Introduction to Macroeconomics and Gross Domestic Product

An example of an intermediate good would be

Consumption is approximately ________ of gross domestic product (GDP) .

You bought a popular video game last year for $75 and sold it to a store this year for $20.The store sells the used game to a consumer for $40.When you sell your game to the store,how is this included in gross domestic product (GDP) ?

Which is the largest component of U.S.gross domestic product (GDP) ?

You bought a popular video game last year for $75 and sold it to a store this year for $20.The store sells the used game to a consumer for $50.This adds ________ to gross domestic product (GDP) when the store sells the game to the consumer.

The consumption category includes all purchases

Goods that firms repackage with other goods for sale at a later stage are

A company sells 100 boxes of chocolate,yet it only produced 90 boxes of chocolate during the year.Which of the following is true?

Bob wins the lottery.This ________ included in ________ category of gross domestic product (GDP) .

When you buy a new car built by Ford,it is included in the ________ category of gross domestic product (GDP) .

Joe sells the house he has lived in for 10 years to the Smith family for $300,000.He receives $50,000 more than his original purchase price 10 years ago.Joe pays his real estate agent a 5 percent sales commission.This transaction will increase gross domestic product (GDP) by

Bob sells his car to Stan's Used Car Lot for $5,000.Stan's Used Car Lot sells the car to Bill for $5,500.This transaction contributes ________ to gross domestic product (GDP) .

The investment spending category of gross domestic product (GDP) does NOT include

A computer company builds a new factory.This is included in the ________ category of gross domestic product (GDP) .

The four major expenditure categories of gross domestic product (GDP) are

When people in the United States buy clothing made in China,this counts as

You bought stock in 2010 for $100 and you sold it in 2012 for $200.You used a broker to sell the stock for you,and he charged you $20.This transaction contributed ________ to gross domestic product (GDP) .

Ford produces 100,000 cars this year and only sells 95,000.The 5,000 cars that are not sold ________ listed in ________ category of gross domestic product (GDP) .

The consumption category of gross domestic product (GDP) includes all purchases of final goods and services by households EXCEPT

When George buys a new computer for his business,it is included in gross domestic product (GDP) as ________,and when he buys a new computer for use at home,it counts as ________.

Bob wins the lottery.This included in category of gross domestic product (GDP) .

Ford produces 100,000 cars this year and only sells 95,000.The 5,000 cars that are not sold listed in category of gross domestic product (GDP) .

When George buys a new computer for his business,it is included in gross domestic product (GDP) as ,and when he buys a new computer for use at home,it counts as .