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, per capita gross domestic product (GDP), Principles of Macroeconomics, Exam 2
Consider the following figure to answer the following questions:
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:
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.