Per Capita GDP – Principles of Macroeconomics Exam 2

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Final Goods and Services, Per Capita GDP, Average Principles of Macroeconomics Exam 2

The key terms in this Principles of Macroeconomics course include Final Goods and Services, Per Capita GDP, Made, Average, GDP, Consumers, Principles of Macroeconomics Exam 2


Consider the following figure to answer the following questions:

Per Capita GDP - Principles of Macroeconomics Exam 2

In which year was it most likely the most difficult to find a job?

2004

2005

2000

2001

2008


Which country has seen a decline in per capita gross domestic product (GDP) since the 1970s?

India

Turkey

Mexico

Nicaragua

Poland


To determine living standards for the average person, we calculate

the length of time the average person is unemployed.

the average level of prices in the country.

per capita GDP.

the growth rate of GDP.

GDP.


The consumption category of gross domestic product (GDP) includes all purchases of final goods and services by households EXCEPT

new houses.

food.

new appliances.

new cars.

landscaping work.


The consumption category includes all purchases

of final goods and services made by consumers except new houses and new cars.

of final goods and services made by consumers except new houses.

of final goods and services made by consumers.

made by consumers.

of goods and services made by consumers.


Consider the following figure to answer the following questions:

Which country has seen a decline in per capita gross domestic product (GDP) since the 1970s?

In which year was it most likely the most difficult to find a job?

2004

2005

2000

2001

2008


Which country has seen a decline in per capita gross domestic product (GDP) since the 1970s?

India

Turkey

Mexico

Nicaragua

Poland


To determine living standards for the average person, we calculate

the length of time the average person is unemployed.

the average level of prices in the country.

per capita GDP.

the growth rate of GDP.

GDP.


The consumption category of gross domestic product (GDP) includes all purchases of final goods and services by households EXCEPT

new houses.

food.

new appliances.

new cars.

landscaping work.


The consumption category includes all purchases

of final goods and services made by consumers except new houses and new cars.

of final goods and services made by consumers except new houses.

of final goods and services made by consumers.

made by consumers.

of goods and services made by consumers.