Create your account. B) government purchases. The services of a commercial painter in painting the family home. Tom Atoe grows tomatoes for home consumption. c. Unpaid services of a family member in painting the family home.

c. The unpaid services of a family member in painting the family home d. Income of a dentist from the dental services provided: .

This meant that: e domestic investment exceeded depreciation by $208 million. B) NDI in 2000 is $525 billion. Earn Transferable Credit & Get your Degree, Get access to this video and our entire Q&A library. 8. Which of the following are included in this year's GDP?

A monthly scholarship cheque received by an economics student b. B) flowers purchased by homeowner Lenny Davis.


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c. The money received by Smith when she sells her biology textbook to a used-book buyer. e. C) not in the labour force. i. Social Security payments received by a retired factory worker.

Interest received on an AT'S corporate bond.

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Explain your answer in each case. C) the production of 1933's Gl that year.

D) be unchanged.

D) may cause the official unemployment rate to overstate the amount of unemployment. f. Government purchases of newly produced aircraft.

Choose the multiple choice answers which, when... 1. D) be measuring GDP. B) the total income generated by that good's production. B) is found by adding the cyc C) may change from one decade to another. Which individual is structurally unemployed? The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g. A restaurant spends $1,000 dollars to buy chickens and chillies to use in producing its famous hot chicken samosas. Refer to the above information. e. A $2 billion increase in business inventories. This type of unemployment can best be characterized in economic terms as: A) frictional. B) We can say with certainty that th e can say with certainty that the GDP has increased by $100. Use the following to answer questions 27-28: All figures are in billions of dollars. Cyclical unemployment is a consequence of: A) a decline in aggregate spending. h. Cash received from selling a corporate bond. Explain in each instance. Q2a. b, d, e, f are all included in GDP. 36.


This quote describes some of the A) consequences of the hyperinflation that accompanies a recession. C) 16.7 percent D) 25 percent. The ZZZ Corporation issued $25 million in new common stock in 1998. A business buys $5,000 worth of resources to produce a product.

1. B) cyclical. Social security payments received by a retired factory worker c. The services of a painter in painting the family home d. The income of a dentist e. The money received by Smith when she sells her economics textbook to a book buyer f. 37. C) frictional D) structural.

Unrelated to the above d. What is the unemployment rate of Canada? C) $45.

C) decline. The unemployment rate is: A) 18.8 percent. B) employed. aus oder wählen Sie 'Einstellungen verwalten', um weitere Informationen zu erhalten und eine Auswahl zu treffen. a. She has been looking for similar work for a year but no company seems interested in her aircraft design skills. Canadian imports: A) cannot be calculated B) are $26. Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. Explain your reasoning. If the per unit prices of the three goods each were $1 in a base year used to construct a GDP price index, then real GDP in the current year: A) is $110. A) 1 B) 2 C) 3 D) 4 20. A monthly scholarship cheque received by an economics student b. All rights reserved. t I'm trying to find something that Q2b. The gross domestic product is: A) $328. 18. D) white adult males. Suppose there are 10 million part-time workers and 90 million full-time workers in an economy.

a. A) the purchase of an automobile for private, non-business use B) the purchase of a new house C) the purchase of corporate bonds D) the purchase of gold coins as Bordcom 25. 29. Page 3

15. C) prices in the aggregate are rising, although some particular prices may be falling. 23.

26. Which of the following are included or excluded in this year’s GDP?

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40. B) the official unemployment rate will rise. (circle one) c. Use the following to answer questions 6-7: Assume an economy which is producing only one product.

Refer to the above information.

B) 12.5 percent. a. Use the following to answer questions 8-9: Only three goods are produced in an economy in the following amounts: A-10, B - 30,C=5. D) in the labour force. D) 6 percentage points.

D) natural. Inflation means that: A) all prices are rising, but at different rates. B) all prices are rising and at the same rate.

c. The services of a painter in painting the family home (be specific about if it is the painter's home or a client's home). An example of a final good in national income accounts would be new: A) lawn mowers purchased by Cut-rite Mowers. Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in P.E.I. As a result, investment: A) of $7 million has occurred.

Refer to the above data. D) trees purchased by Wendy Lee's Garden Center. Personal taxes Net investment Personal saving Net exports National income Canadian exports Gross investment Disposable income Indirect taxes Undistributed corporate profits Net income of nonfarm unincorporated business Net investment income from Canada 27.