Reading check 1 Key - d substract depreciation and indirect taxes Question 3(2.5 points Which of the following will not be counted as investment in

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1 Reading check 1 Instructions: This survey should be completed by Wednesday May 11th, at 11.30pm. You can use book, notes etc, and you are encouraged to discuss the ques- tions with your class-mates but each student must complete his own survey. Question 1 (2.5 points) The most comprehensive measure of the aggregate price level is the: a. Consumer Price Index b. Producer Price Index d. Whole Sale Price Index Question 2 (2.5 points) To get from GNP to National Income, the major adjustments are to: a. Substract personal incom taxes and social security contributions b. add transfers payment and personal income taxes c. add depreciation and substract invetory investment
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Unformatted text preview: d. substract depreciation and indirect taxes * Question 3 (2.5 points) Which of the following will not be counted as investment in the na-tional accounts a. The building of a factory by GM (General Motors) b. An increase in GM raw materials inventory c. The addition of some equipment by GM d. The purchase of a share stock in GM by an employee of GM * Question 4 (2.5 points) GDP includes: a. the current production of all goods and services with in the econ-omy. b. All the intermediate and &nal goods and services produced c. All traded goods and services d. None of the above * 1...
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This note was uploaded on 06/16/2011 for the course ECON 420 taught by Professor Na during the Summer '11 term at University of North Carolina School of the Arts.

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