Question 1 1 pts Gross Domestic Product is equal to the market value of all the nal goods and services ________ in a given period of time. 0 produced by the citizens of a country 0 consumed within a country 0 consumed by the citizens of a country 0 produced within a country Question 2 1 pts Quantity Price Price Item (2000) (2000) (2010) Movie tickets 4 $5.00 $7.50 Bags of popcorn 2 $3.00 $3.00 Cups of Mt. Dew 4 $1.00 $1.50 Given the information in the above table gives the 2000 base period market basket and prices used to construct the CPI for a small nation. What is the value of the CPI for the base period 2000? Hint: It doesn't require math, and it's the simplest number. 4 O 130 o 100 o 42 070 Question 3 1 pts Gross Domestic Product equals O Y = C - I - G - NX. O Y = C-I+G+NX. O ) Y = C+I - G+NX. O Y = C+|+G+NX.Question 4 1 pts As the business cycle moves through its phases, it must pass through a low point. Which of the following is the correct term for this low point? Trough 0 Trade Surplus 0 Trade decit 0 Peak Question 5 1 pts Which of the following characteristics relate to trade surplus? O A significant decline in national output. O When imports exceed exports. O Gap between exports and imports. O When exports exceed imports