Mac1: GDP. Exclusions

Last updated over 6 years ago

5 Nsɛmmisa

Laabri

Mac1: GDP. Exclusions

Last updated over 6 years ago

5 Nsɛmmisa

Asemmisa {{asɛmmisaAhyɛnsode}}

The total dollar value of all final goods and services produced within a nation in 1 year is called:

Gross capital consumption

Gross domestic product

Gross private investment

Gross national product

Asemmisa {{asɛmmisaAhyɛnsode}}

According to the bar graph above in which quarter and year did real GDP grow the most?

Quarter 3 of 2016

Quarter 3 of 2014

Quarter 1 of 2013

Quarter 4 of 2013

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following items is included in GDP?

The purchase of Apple stock

A cup of coffee you bought this morning at Starbucks

A shirt bought at a thrift store like Goodwill

A bakery that buys flour to make bread

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following items is not included in GDP?

Getting a haircut

Painting your own house

Eating out at a restaurant

Paying tuition for college

Asemmisa {{asɛmmisaAhyɛnsode}}

A payment made to an individual or group when no good or service is provided in return is called:

A transfer payment

A direct payment

A credit payment

An overdue payment

Asemmisa {{asɛmmisaAhyɛnsode}}

The total dollar value of all final goods and services produced within a nation in 1 year is called:

Gross capital consumption

Gross domestic product

Gross private investment

Gross national product

Asemmisa {{asɛmmisaAhyɛnsode}}

According to the bar graph above in which quarter and year did real GDP grow the most?

Quarter 3 of 2016

Quarter 3 of 2014

Quarter 1 of 2013

Quarter 4 of 2013

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following items is included in GDP?

The purchase of Apple stock

A cup of coffee you bought this morning at Starbucks

A shirt bought at a thrift store like Goodwill

A bakery that buys flour to make bread

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following items is not included in GDP?

Getting a haircut

Painting your own house

Eating out at a restaurant

Paying tuition for college

Asemmisa {{asɛmmisaAhyɛnsode}}

A payment made to an individual or group when no good or service is provided in return is called:

A transfer payment

A direct payment

A credit payment

An overdue payment