Question 6 answer choice e: government purchases of goods and services.

Module 10 MCQ Practice B Table 10.2 All values are in $ ABC Farms DEF Meat Inc. XYZ Burgers Value of sales: 2,500 5,000 10,000 Intermediate goods: 0 2,500 (cattle) 5,000 (processed beef) Wages: 1000 900 2000 Interest: 250 600 1000 Rent: 250 500 1000 Profit: 1000 500 1000 Total Expenditure by 2,500 5,000 10,000 Firm 1. Using table 10.2 how would GDP would be calculated using the value added approach? a. 10,000 in burger sales by XYZ Burgers b. 2,500 in cows + 2,500 in beef + 5,000 in burger creation (10,000 total) C. 3900 in wages + 1850 in interest + 1750 in rent + 2,500 in profit (10,000 total) 2,500 spent by ABC Farms + 2,500 spent by DEF Meat Inc. + 5,000 spent by XYZ Burgers (10,000 total) 2. Using table 10.2 how would GDP would be calculated using the aggregate expenditure approach? 10,000 in burger sales by XYZ Burgers 2,500 in cows + 2,500 in beef + 5,000 in burger creation (10,000 total) no 3900 in wages + 1850 in interest + 1750 in rent + 2,500 in profit (10,000 total) d. 2,500 spent by ABC Farms + 2,500 spent by DEF Meat Inc. + 5,000 spent by XYZ Burgers (10,000 total) 3. Using table 10.2 how would GDP would be calculated using the factor payment approach a. 10,000 in burger sales by XV7 b . 2,500 in cows + 2 5CCin beef . 5,000 in burger creation (10,000 total) byQuin 9869 1850in interest + 1750 in rent + 2,500 in profit (10,000 total) d. 2,500 spent by ABC Farms + 2,500 spent by DEF Meat Inc. + 5,000 spent by XYZ Burgers (10,000 total) 4. Which of the following is the best measure of the production (output) of an economy? a. Consumer price index b . Unemployment rate C. Gross domestic product d. Prime rate e. Index of leading indicators 5 . The market value of all final goods and services produced in the economy in a given year is a. net national product. b. national income. C. personal income. gross domestic product. e . producer price index. 6. In the gross domestic product, the largest dollar amount is a. consumer spending- b. rental payments. C. net exports of goods and services. d. gross private domestic investment