# Question 5 gdp under the expenditures approach is

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Question 5 GDP under the Expenditures Approach is defined as: GDP = C + Ig + G + XN Correct! Correct!
Y = C + S + G + X – M Y = C + S + G + XN GDP = C + Ig + G + M – X Y = C + S + G + M – X
4/23/2020 Midterm 2: ECON175-34838 (F2F) Macroeconomics 1 / 1 pts Question 6 GDP under the Income Approach is defined as: Correct! Correct!
4/18 Inflation is 3% Inflation is 10%
Y = National Income + Savings + Production + Profits + Statistical Adjustments Y = National Income + Corporate Profits + Interest + Rents + Statistical Adjustments Y = Consumption + Savings + Income + Profits + Statistical Adjustments 1 / 1 pts Question 7 If the real GDP grows at a rate of 3% and nominal GDP grows at a rate of 7%, then ____ Correct! Correct!
4/23/2020 Midterm 2: ECON175-34838 (F2F) Macroeconomics 1 / 1 pts Question 8 A small economy starts the year with \$3,500,000 in capital. During the course of the year, gross investment is \$300,000 and depreciation is \$150,000. How big is the economy’s stock of capital at the end of the year? Correct! Correct!
5/18 \$3,950,000 \$3,850,000 \$3,800,000 1 / 1 pts Question 9 Year Output Price/Unit Price Ratio Nominal GDP Real GDP 1 7 \$12 1 2 10 \$16 3 12 \$18 4 16 \$24 5 18 \$27 The price ratio in Year 3 is: 2.0
4/23/2020 Midterm 2: ECON175-34838 (F2F) Macroeconomics 6 1.5 Correct! Correct! 200
6/18 233 200
1 / 1 pts Question 10 Year Output Price/Unit Price Ratio Nominal GDP Real GDP 1 7 \$12 1 2 10 \$16 3 12 \$18 4 16 \$24 5 18 \$27 Nominal GDP in Year 5 is: Correct! Correct!
4/23/2020 Midterm 2: ECON175-34838 (F2F) Macroeconomics 1 / 1 pts Question 11 Year Output Price/Unit Price Ratio Nominal GDP Real GDP 1 7 \$12 1 2 10 \$16 3 12 \$18 4 16 \$24 5 18 \$27 Real GDP in Year 4 is: Correct! Correct!
7/18
200 1 / 1 pts Question 12 GDP fails to include:
4/23/2020 Midterm 2: ECON175-34838 (F2F) Macroeconomics 8/18 Nonmarket Activities and Leisure All of the other answers Correct! Correct! Negative externalities 1 / 1 pts