問題一覧
1
it Is the purchases by household of groceries healthcare services, clothing, and automobiles all our accounted us
personal consumption
2
The government purchases make up about__ of GDP
20%
3
Calculates the income earned by all the factors of production in an economy, Including the wages, paid to labor, the rent earned by the writer on capital in the form of interest and corporate profits
the income approach
4
Sales of goods and services to buyers in the rest of the world during a particular time represents its
net exports
5
What are the components of GDP?
personal consumption, gross private domestic investment, government purchases, net export
6
It is commonly defined as the total value value of goods and services produce annually in a country
national income
7
GDP evaluated at current market prices
nominal GDP
8
Is the value of all goods produced during a period for use in the production of other goods and service?
gross domestic product investment
9
It is a variable that is measured over a specific period of time
flows
10
What are the top three indicators of economic growth?
GDP, consumer price index, monthly unemployment report
11
The product method is also known as
value added approach to GDP, GDP at factor cost by industry of origin
12
The three approaches used in GDP calculation
the expenditure approach, the product approach, the income approach
13
Types of gross domestic product
nominal GDP, real GDP, GDP growth rate, GDP per capita
14
This method focuses on goods and services produced with the country during one year
the expenditure method
15
What is the major measure of economic growth?
GDP
16
is a measurement of the GDP per person in a countries population
GDP per capita
17
Which services produced for export represents roughly ___ of GDP
14%
18
GDP by expenditure methods include
consumer expenditure, investment, government expenditure, export of goods and services by the people of the country less imports
19
What are the two types of variables?
stocks, flows
20
GDP inflation adjusted
real GDP
21
For determinants of productivity in economics
physical capital, human capital, natural resources, technological knowledge
22
The people of a country who produced GDP during a year receipts income from their work
the income method
23
Calculate spending by the different groups that participate in economy
the expenditure approach
24
are the sum of purchases of goods and services from firms by government agencies plus the total value output produced by the government agencies themselves during the time. Period
government purchases
25
He defined national income as “the net output of commodities and services flowing during the year from the countries productive system in the hands of the ultimate consumers”
simon kuznets
26
It’s a variable that is independent of time
stocks
27
In this method, the value of all goods and services produced in different industries during the year is added up
the product method
28
Private investments accounts for about ___ GDP
15%
29
The production of consumer goods and services accounts for about of ___total output
70%
30
It estimates the total value of economic output and deduct the cost of intermediate goods that are consumed in the process
the product approach
31
It compares one quarter of a conscious GDP to the previous quarter in order to measure how fast economic is growing
GDP growth rate
32
Which measure of the economy is better GDP or GNP
GDP