QUESTION 1

Net investment = gross investment -

1. taxes
2. payroll
3. interest
4. depreciation

5 points

QUESTION 2

economy A B (# millions)

GDP $100,000 $110,000 $80,000 $100,000

1. population 4 4.2 8 10

Which grew in output per capita?

1. A
2. B
3. both
4. neither

QUESTION 3: Depreciation is when something becomes:

1. worn
2. obsolete
3. misunderstood
4. worn and/or obsolete

QUESTION 4

You have a boat docked and the harbormaster says the boat needs 5 hours per week of work to stay in the same condition. If you spent 7 hours this week then your boat has _ hours of actually improvement.

1. 0
2. 2
3. 7
4. 12

5 points

QUESTION 5

All the following are considered investment except a:

1. backyard shed built by a family
2. new restaurant
3. new police station
4. new dormitory in a private college

5 points

QUESTION 6

A Volkswagen factory in USA is part of _ GDP and _ GNP.

1. US, US
2. German, German
3. US, German
4. German, US

QUESTION 7

You own a barber shop. An investment would be a new:

1. bottle of shampoo
2. can of shaving cream
3. chair
4. roll of paper towels

5 points

QUESTION 8

A Ford car factory in Canada is part of _ GDP and _ GNP.

1. US, US
2. Canadian, Canadian
3. US, Canadian
4. Canadian, US

QUESTION 9

sales intermediate goods

golf course $7,000 $2,000

clothing store $18,000 $13,000

architect $9,000 $2,000

Which had the most sales?

1. golf course
2. clothing store
3. architect
4. more info needed

5 points

QUESTION 10

Consumption is:

1. tuberculosis
2. household spending
3. depreciation
4. energy use

QUESTION 11

economy A B (# millions)

GDP $100,000 $110,000 $80,000 $100,000

population 4 4.2 8 10

Which economy grew?

1. A
2. B
3. both
4. neither

5 points

QUESTION 12

economy A B (# millions)

GDP $100,000 $110,000 $80,000 $100,000

population 4 4.2 8 10

Which population grew?

1. A
2. B
3. both
4. neither

5 points

QUESTION 13

economy A B (# millions)

GDP $100,000 $110,000 $80,000 $100,000

population 4 4.2 8 10

Which had more population?

1. A
2. B
3. equal
4. one started bigger but ended smaller

5 points

QUESTION 14

sales intermediate goods

golf course $7,000 $2,000

clothing store $18,000 $13,000

architect $9,000 $2,000

Which had the most intermediates?

1. golf course
2. clothing store
3. architect
4. more info needed

5 points

QUESTION 15

Investment includes all the following except:

1. private construction
2. tools
3. court houses
4. inventory adjustments

5 points

QUESTION 16

Non-market activities are also known as _ production.

1. non-discounted
2. unadvertised
3. unwanted
4. at-home

5 points

QUESTION 17

Gross Domestic Product measures an economy's

1. output
2. replacement cost
3. inventories
4. capacity

5 points

QUESTION 18

Examples of government transfers include:

1. new playgrounds
2. EBT card
3. school desk
4. firemen's payroll

5 points

QUESTION 19

economy A B (# millions)

GDP $100,000 $110,000 $80,000 $100,000

population 4 4.2 8 10

1. Which had more output per capita?
2. A
3. B
4. equal
5. one started with more but ended with less

5 points

QUESTION 20

economy A B (# millions)

GDP $100,000 $110,000 $80,000 $100,000

population 4 4.2 8 10

1. Which economy was happier?
2. A
3. B
4. both equally
5. more info needed

(ECO-103-V03) ( Ch.5 National Income Accounting 2/17) (MULTIPLE CHOICES) No need for explanations answers are enough

Thankyou