Which of the following is not part of Gross Domestic Product?

A) aggregate demand

B) trade balance

C)government expenditure

D) Investment

Why does the GDP not include indeterminate goods?

A) to avoid double counting

B) to include imports only

C) GDP adds intermediate goods in calculation

D) to include exports only

Which of the following is the biggest component of GDP? A) Consumption

B) investment

C)net exports

D) government spending

Which of following is included in gdp?

A) Lemons that are purchased by the firm that produces lemonade.

B) lemonade sold by elementary school children in the neighborhood.

C) lemonade sold in the market

D) homemade lemonade that is sold in a birthday party

Which of the following is true about components of GDP in the United States?

A) government spending has been the same

B)net exports has been postive for the last 50 years

C)consumption has been increasing just slightly during the 50 years

D) Investment has been the least volatile among all GDP components

If the country exports 10 billion worth of goods and services and imports 13 billion worth of goods and services in 2018, then we can conclude that this county is experiencing a ?

A)A)net exports of 3 billion B)

B)B)net exports of -3 billion

C)C)Trade surplus of 3 billion

D)D)Trade deficit of 13 billion

Which of the following is counted as a part of the US GDP in 2019?

A) All cars were sold in the US in 2019

B) A business purchases five new sewing machines to increase production

C)Apple gives away left over IPhone 8's to its employees

D)an American manufacturer produces chairs in its plant in Mexico in 2019

Which of the following is not a macro economics goal in this economy?

A sustainable economic growth

B Low employment rate

C)Trade balance

D Low inflation rate

Which of the following is not correct about GDP?

A ) GDP can be measured in two different ways based on how much or produced and based on how much are consumed

B)GDP measure that production that takes place within an economy

C) GDP shows all types of economic activities in an economy

D) GDP shows the size of an economy

A big Apple producer purchases an entire Apple farm in 2019. This purchase is included in the GDP calculation.

A) True

B) False

Economic growth means that The GDP in one year Is bigger then the GDP in the previous year

A) true

B) false

Which of the following is an economic policy tool in an economy?

A)Macroeconomics

B) monetary policy

C)Fiscal policy

D) both monetary and fiscal policies