Week 5 Quizzes – Eco/Gm 561

Week 5 Quizzes ECO/GM 561 Your Results for address estimation QuizPrint this page Site Title economics UOP use CW Book TitleUOP-custom course for Economics Book composeCase Summary of Results 100% wane of 7 Scored items 7 aline 100% 0 Incorrect 0% More information somewhat scoring ________________________________________ 1. GDP includes all transactions in which money or healthys change hands. Your dissolver phony ________________________________________ 2. GDP is equal to the value of integrality sales in an economy. Your solutionFalse _______________________________________ 3. I bought a videotape last year. I dont like it any more and am passage to sell it to my cousin for $2. This sale should be included in GDP. Your swear outFalse ________________________________________ 4. Consumption, investment, government purchases, and net exports are the four components of total expenditures. Your makeTrue ________________________________________ 5. Households have all of th eir personal income to spend or save. Your AnswerFalse ________________________________________ 6.When economists calculate nominal GDP it means they are compute GDP only approximately. Your AnswerFalse ________________________________________ 7. Per capital GDP is a countrys GDP divided by its population. Your AnswerTrue ________________________________________ Your Results for Readiness Assessment QuizPrint this page Site TitleEconomics UOP custom CW Book TitleUOP-custom course for Economics Summary of Results 100% Correct of 8 Scored items 8 Correct 100% 0 Incorrect 0% More information about scoring ________________________________________ . The twin evils of macroeconomics are unemployment and inflation. Your AnswerTrue ________________________________________ 2. Recessions last six months. Anything longer is called a depression. Your AnswerFalse ________________________________________ 3. To be considered employed a person must be workings for pay for at least 20 hours per we ek. Your AnswerFalse ________________________________________ 4. You motivating to be 14 years old to be considered part of the repel force. Your AnswerFalse ________________________________________ . A discouraged worker is not actually working. Your AnswerTrue ________________________________________ 6. People typically are unemployed for at least six months. Your AnswerFalse ________________________________________ 7. Recessions have a good side to them because they help reduce inflation. Your AnswerTrue ________________________________________ 8. The consumer price major power is based on a bundle of goods and services purchased yearly by the typical urban consumer. Your AnswerFalse ________________________________________