Question 1

Which of the following would increase GDP?

A. More imports 

B. Additional leisure time 

C. Government removing more litter 

D. People engaging in more "do-it-yourself" projects 

 

Question 2

National income accountants can avoid multiple accounting by:

A. including transfers in their calculations. 

B. counting both intermediate and final goods. 

C. only counting final goods. 

D. only counting intermediate goods. 

 

Question 3 

The concept of "net domestic investment" refers to:

A. the amount of machinery and equipment used up in producing the GDP in a given year. 

B. the difference between the market value and book value of outstanding capital stock. 

C. gross domestic investment less net exports. 

D. total investment less the amount of investment goods used up in accomplishing the year's production. 

 

Question 4 

GDP can increase at a faster rate than real GDP only if:

A. there is inflation. 

B. the unemployment rate is increasing. 

C. the value of the dollar is stable. 

D. the population is growing.  

 

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