Sec 23.3 MC The Components of GDP

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1、1. IntheequationY=C+I+G+NX, a. Yrepresentstheeconomy’stotalexpenditure. b. Crepresentshouseholdexpendituresonservicesanddurablegoods. c. allofthevariablesarealwayspositivenumbers. d. Alloftheabovearecorrect.ANSWER:  aPOINTS:  1DIFFICULTY:  ModerateREFERENCES:  TheComponentsofGDPL

2、EARNING OBJECTIVES:  ECON.MANK.15.113.28-LO:ExaminetheeconomicindicatorofGDPTOPICS:  DISC:MeasuringOutputKEYWORDS:  BLOOM'S:ComprehensionDATE CREATED:  9/19/20161:11PMDATE MODIFIED:  9/21/20161:42PMCUSTOM ID:  001.23.3-MC-MANK08QUESTION ID:  JFND-GO3A-ERHR-CCJW2. GDPisequalto a. 

3、themarketvalueofallfinalgoodsandservicesproducedwithinacountryinagivenperiodoftime. b. Y. c. C+I+G+NX. d. Alloftheabovearecorrect.ANSWER:  dPOINTS:  1DIFFICULTY:  ModerateREFERENCES:  TheComponentsofGDPLEARNING OBJECTIVES:  ECON.MANK.15.113.28-LO:ExaminetheeconomicindicatorofGDPT

4、OPICS:  DISC:MeasuringOutputGDPKEYWORDS:  BLOOM'S:ComprehensionDATE CREATED:  9/19/20161:11PMDATE MODIFIED:  9/21/20161:42PMCUSTOM ID:  002.23.3-MC-MANK08QUESTION ID:  JFND-GO3A-ERHR-CP1N3. Anidentityisanequationthat a. describesanequilibrium. b. pertainstomacroeconomics,nottomic

5、roeconomics. c. mustbetruebecauseofhowthevariablesintheequationaredefined. d. involvesfinalgoods,notintermediategoods.ANSWER:  cPOINTS:  1DIFFICULTY:  EasyREFERENCES:  TheComponentsofGDPLEARNING OBJECTIVES:  ECON.MANK.15.113.1-LO:Applybasic,economicprinciplesofindividualdecisionm

6、akingthatdeterminehowaneconomygenerallyworks.CopyrightCengageLearning.PoweredbyCognero.Page 51TOPICS:  DISC:ThinkingLikeanEconomistKEYWORDS:  BLOOM'S:KnowledgeDATE CREATED:  9/19/20161:11PMDATE MODIFIED:  9/21/20161:42PMCUSTOM ID:  003.23.3-MC-MANK08QUESTION ID:  JFND-GO3A-ERHR-C

7、P1B4. TheconsumptioncomponentofGDPincludesspendingon a. durablegoodsandnondurablegoods,butnotspendingonservices. b. durablegoodsandservices,butnotspendingonnondurablegoods. c. nondurablegoodsandservices,butnotspendingondurablegoods. d. durablegoods,nondurablegoods,andservices.ANS

8、WER:  dPOINTS:  1DIFFICULTY:  ModerateRE