問題一覧
1
Which one of the following is the definition of Gross Domestic Product?
The market value of newly produced final goods and services produced within a country’s borders over a period of time.
2
How is the value-added approach to measuring GDP calculated?
The difference between the selling price and the cost of intermediate inputs
3
Suppose that a small economy produces only one good. In Year 1 the economy’s GDP is $500 and the price (per unit) of the good is $10. In Year 2 the economy’s GDP is $600 but the price of the good is $12. Using the constant dollar method, what is the real GDP growth rate for this economy from Year 1 to Year 2?
0
4
Savings is equal to …
what is left over from income after consumption.
5
Real GDP equals to nominal GDP adjusted for changes in …
prices.
6
Which one of the following is not included in the ‘households and institutions sector’?
Municipal gas and electric companies
7
Which one of the following is not included as part of the manufactured capital stock of the United States?
Stocks traded on the stock market
8
GDP growth is calculated as ….
The rate of change in real GDP
9
Net investment is equal to…
gross investment minus depreciation.
10
Unsold inventories …
are only counted as manufactured capital stock when held by the business sector.
11
Between 1980 and 2019, real GDP grew and prices increased, so...
nominal GDP increased more than real GDP.
12
Which one of the following is not one of the four national accounting sectors?
Financial sector
13
What are the sectors used in the Bureau of Economic Analysis’ system of national accounts?
The household and institutions, business, government, and foreign sectors
14
Everything else equal, the Happy Planet Index....
All of the above
15
Accounting for household production would _____ the level of GDP in 2010 and _____ the rate of GDP growth between 1950 and 2010.
increase; lower
16
Which one of the following is not a characteristic of the Genuine Progress Indicator (GPI)?
GPI excludes personal consumption expenditures.
17
The Human Development Index is calculated based on the following components of well being: …
a., b. and c.
18
Which one of the following survey questions is commonly used to provide a measure of subjective well-being?
How satisfied are you with your life as a whole these days?
19
Which of the following is not true?
The HDI assigns a much heavier “weight” to life expectancy than to years of formal education.
20
Which of the following is a critique of GDP discussed in the text?
Both (a) and (c) are true.
21
Which one of the following variables is NOT included in the calculations for the Human Development Index?
Economic inequality
22
As average per capita income rises in a country …
average subjective well-being tends to increase at a decreasing rate.
23
The Green GDP adjusts GDP for changes in…
natural capital.
24
The Green GDP equals GDP minus ...
depreciation of manufactured capital and natural capital.
25
Which one of the following is not included in Gross Domestic Product (GDP) statistics?
All of the above