Monday, 29 July 2013

ECO 561 Chapter 6 Quiz




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Question 1
Which of the following is NOT included in 1994's GDP?
Question 2
Which of the following would be counted in the GNP of the United States, but not the GDP of the United States?
Question 3
The equation for GNP using the expenditure approach is
Question 4
When calculating GDP, exports are _________________ and imports are ______________.
Question 5
The largest income component of GDP is
Question 6
Nominal GDP is gross domestic product measured
Question 7
The products produced by U.S. citizens when those citizens are working abroad for a foreign company are not counted in the U.S. GNP.
Question 8
The income received by households before paying personal income taxes but after paying social insurance contributions is



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