Quiz_04 - Points Awarded 12.0 Points M issed 0.00...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Points Awarded 12.0 Points M issed 0.00 Percentage 100 % 1. The largest component of GDP is: A) Government purchases B) Personal consumption expenditures. C) Gross private domestic investment. D) Net foreign factor income earned in the United States. Points Earned: 1.0/1. 0 Correct Answer(s): B 2. Refer to the above data. GDP in this economy is: A) $6,080 billion. B) $6230 billion C) 6380 billion D) 6400 billion Points Earned: 1.0/1. 0 Correct Answer(s): B 3. Consumers in an economy buy only three general types of products, A, B and C. Changes in the prices of these items over a period are shown below: Using year 1 as a base, the value of the country's price index in year 2 is: A) 100.0 B) 103.9 C) 105.2 D) 106.3 Points Earned: 1.0/1. 0 Correct Answer(s): D 4. Data for GDP accounts come primarily from: A) The GDP price index. B) The consumer price index. C) The index of leading economic indicators. D) Surveys of consumption, investment, government spending and net exports. Points Earned: 1.0/1. 0 Correct Answer(s): D 5....
View Full Document

This note was uploaded on 10/08/2010 for the course ECON 002 taught by Professor Mcleod,markpehlivan,ayseozg during the Summer '08 term at Pennsylvania State University, University Park.

Page1 / 7

Quiz_04 - Points Awarded 12.0 Points M issed 0.00...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online