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Chapter 07 - Measuring Domestic Output and National Income
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58. Refer to the above data. GDP is:
59. Refer to the above data. NDP is:
Answer the question on the basis of the following data. All figures are in billions of dollars.
Chapter 07 - Measuring Domestic Output and National Income
60. Refer to the above data. GDP is:
61. Refer to the above data. NDP is:
62. Refer to the above data. NI is:
Chapter 07 - Measuring Domestic Output and National Income
7-23
63. Refer to the above data. PI is:
Answer the question on the basis of the following data. All figures are in billions of dollars.
Chapter 07 - Measuring Domestic Output and National Income
65. The gross domestic product for the above economy is:
66. Refer to the above data. Consumption of fixed capital is:
67. Refer to the above data. Disposable income is:
Chapter 07 - Measuring Domestic Output and National Income
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68. Refer to the above data. From this information we can conclude that the net foreign factor
income is:
Answer the question on the basis of the following national income data for the economy. All
figures are in billions of dollars.
Chapter 07 - Measuring Domestic Output and National Income
69. The gross domestic product for the above economy is:
70. Refer to the above data. Net domestic product is:
71. Refer to the above data. The national income is:
Chapter 07 - Measuring Domestic Output and National Income
72. Refer to the above data. Disposable income:
Answer the question on the basis of the following data. All figures are in billions of dollars.
73. Refer to the above data. The gross domestic product is:
Chapter 07 - Measuring Domestic Output and National Income
74. Refer to the above data. The net domestic product is:
75. Refer to the above data. The national income is:
Chapter 07 - Measuring Domestic Output and National Income
77. The economy characterized by the above data is:
Answer the question on the basis of the following data. All figures are in billions of dollars.
78. Refer to the above data. National income is:
Chapter 07 - Measuring Domestic Output and National Income
79. Refer to the above data. Gross domestic product is:
80. Refer to the above data. Net domestic product is:
81. Corporate profits are found by:
Chapter 07 - Measuring Domestic Output and National Income
Answer the question on the basis of the following national income data. All figures are in
billions of dollars.
82. Refer to the above data. Consumption of fixed capital (private sector) is:
83. Refer to the above data. U.S. imports are:
Chapter 07 - Measuring Domestic Output and National Income
84. Refer to the above data. Personal consumption expenditures:
85. Refer to the above data. The gross domestic product is:
86. Refer to the above data. Personal income is:
Chapter 07 - Measuring Domestic Output and National Income
87. Consumption of fixed capital (depreciation) can be determined by:
88. If net foreign factor income is zero and there are no statistical discrepancies, the sum of
national income and the consumption of fixed capital equals:
89. If there are no statistical discrepancies, NDP is:
Chapter 07 - Measuring Domestic Output and National Income
90. Which of the following best defines national income?
91. The total amount of income earned by U.S. resource suppliers in a year, plus taxes on
production and imports, is measured by:
92. The largest component of national income is:
Chapter 07 - Measuring Domestic Output and National Income
93. National income measures:
94. If personal income exceeds national income in a particular year, we can conclude that:
95. Which of the following best defines disposable income?
Chapter 07 - Measuring Domestic Output and National Income
96. Which of the following is the smallest dollar amount in the United States?
97. Transfer payments are included in:
98. The amount of after-tax income received by households is measured by:
Chapter 07 - Measuring Domestic Output and National Income
99. In a typical year, which of the following measures of aggregate output and income is
likely to be the smallest?
100. What is the difference between national income and personal income?
101. Nominal GDP is:
Chapter 07 - Measuring Domestic Output and National Income
102. Real GDP refers to:
103. Real GDP measures:
104. Nominal GDP is adjusted for price changes through the use of:
Chapter 07 - Measuring Domestic Output and National Income
105. In the second quarter (3-month period) of 2001, U.S. nominal GDP increased but U.S.
real GDP declined. We can conclude that:
106. A price index is:
107. If real GDP falls from one period to another, we can conclude that:
Chapter 07 - Measuring Domestic Output and National Income
Use the following table for a hypothetical single-product economy.
108. Refer to the above data. Nominal GDP in year 3 is:
109. Refer to the above data. Real GDP in year 3 is:
