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Macroeconomics 9th Edition Mankiw Test Bank
Macroeconomics 9th Edition Mankiw Test Bank
Macroeconomics 9th Edition Mankiw Test Bank
https://testbankfan.com/download/macroeconomics-9th-edition-mankiw-test-bank/
2. The statistic used by economists to measure the value of economic output is:
A) the CPI.
B) GDP.
C) the GDP deflator.
D) the unemployment rate.
4. The total income of everyone in the economy is exactly equal to the total:
A) expenditure on the economy's output of goods and services.
B) consumption expenditures of everyone in the economy.
C) expenditures of all businesses in the economy.
D) government expenditures.
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9. In the circular flow model, the flow of dollars from firms to households is paid _____
and the flow of dollars from households to firms is paid _____.
A) as wages and profits; for goods and services
B) for value added; as imputed values
C) in current dollars; in constant dollars
D) as interest and dividends; for depreciation and taxes
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12. All of the following are a stock except:
A) a consumer's wealth.
B) the government budget deficit.
C) the number of unemployed people.
D) the amount of capital in the economy.
14. The amount of capital in an economy is a ______ and the amount of investment is a
______.
A) flow; stock
B) stock; flow
C) final good; intermediate good
D) intermediate good; final good
15. The market value of all final goods and services produced within an economy in a given
period of time is called:
A) industrial production.
B) gross domestic product.
C) the GDP deflator.
D) general durable purchases.
16. GDP is the market value of all ______ goods and services produced within an economy
in a given period of time.
A) used
B) intermediate
C) consumer
D) final
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