202.Hmwk.2

202.Hmwk.2 - Econ 202: Macroeconomics Homework #2: covers...

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Econ 202: Macroeconomics Homework #2: covers second week of class 1. The method of calculating GDP that begins by summing factor share to get the National Income account is: a. expenditures method b. incomes method c. value added method 2. The method of calculating GDP that begins by summing the market value of final sales of goods and services is: a. expenditures method b. incomes method c. value added method 3. The method of calculating GDP that sums the increase in market value at each stage of the production process is: a. expenditures method b. incomes method c. value added method 4. Which of the following would not be counted as unemployed, even though they are not working full-time jobs: (circle all of them) a. someone aged 68 who retired last month and applied for social security payments b. someone who was fired one month ago and is receiving unemployment comp, but has a new job lined up that will start in another month c. someone who was downsized out of their job two years ago, and after endless rejections gave
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This note was uploaded on 04/03/2008 for the course ECON 202 taught by Professor Iforget during the Spring '08 term at Drexel.

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202.Hmwk.2 - Econ 202: Macroeconomics Homework #2: covers...

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