1. Suppose National Income for 2003 was $1500, wages and salaries were $800, rent payments were $200, consumption was $1000, and interest payments were $200.What was the value of profits for 2003?

Question 33 options:

$300

$100

$200

$500

1. The production output of Coca-Cola's company in China is part of ____. The profits of the company which are repatriated to the US on the other hand are part of US ____ but not US ____

Question 34 options:

US GNP; GNP; GDP

China's GDP; GDP; GNP

US GDP; GNP; GDP

China's GDP; GNP; GDP

1. In the economy of Talikastan in 2015, exports were $200, GDP was $3000, government purchases were $500, imports were $250, and investment was $800. What was Talikastan's consumption in 2015?

Question 35 options:

$1750

$2050

$1370

$830

Personal Consumption Expenditures

10,001.30

Gross Private Domestic Investment

1,589.20

Indirect Business Taxes

1,001.10

Depreciation

1,861.10

Government purchases

2,914.90

Net Foreign Factor Income

-146.20

Net Exports

-386.40

Wages

7,954.70

Proprietor's Income

1,030.70

Interest

765.90

GDP and National Income using the actual 2009 data from the table above will be

Question 36 options:

$14119 and $11110.6

None of the above

$12110.6 and $14129

$14119 and $10111.6

The table below displays the information about all goods and services produced in OCCland in various years.

YearsIce CreamKiwisCell phones

PriceQuantityPriceQuantityPriceQuantity

2010$4.253,000$1.251,000$10025

2011$4.503,200$1.501,200NANA

2012$5.004,000$2.001,500$500100

The Nominal GDP for

Question 37 options:

2010 is $16,500 and 2011 is $14,000 and 2012 is $73,000

none of the above

2010 is $16,500 and 2011 is $16,200 and 2012 is $73,000

2010 is $14,200 and 2011 is $16,200 and 2012 is $73,000

The table below displays the information about all goods and services produced in OCCland in various years.

YearsIce CreamKiwisCell phones

PriceQuantityPriceQuantityPriceQuantity

2010$4.253,000$1.251,000$10025

2011$4.503,200$1.501,200NANA

2012$5.004,000$2.001,500$500100

Real GDP for 2010 is

Question 38 options:

$16,500 and 2012 is $28,875

$14,400 and 2012 is $16,500

none of the above

$16,500 and 2012 is $38,875

The Patersons bought a home that was newly constructed in 2007 for $275,000. They sold the home in 2009 for $205,000. Which of the following statements is correct regarding the sale of the house?

Question 39 options:

The 2009 sale affected neither 2007 GDP nor 2009 GDP.

The 2009 sale reduced 2009 GDP by $70,000 and had no effect on 2007 GDP.

The 2009 sale increased 2009 GDP by $205,000 and had no effect on 2007 GDP.

The 2009 sale increased 2009 GDP by $205,000; and caused 2007 GDP to be revised downward by $70,000.

Samantha decided to quit her job at Oakland Community College because she did not find the work challenging enough. Samantha is currently looking for a better job. Therefore, Samantha would be labeled as

Question 40 options:

frictionally employed

structurally unemployed

discouraged worker

frictionally unemployed

cyclically unemployed