宏观经济学chap05习题.docVIP

Macroeconomics, 8e (Parkin) Testbank 1 Chapter 5 Measuring GDP and Economic Growth 5.1 Gross Domestic Product 1) Gross domestic product is the total ________ produced within a country in a given time period. A) market value of all final and intermediate goods and services B) market value of all goods and services C) amount of final and intermediate goods and services D) market value of all final goods and services Answer: D Topic: GDP Skill: Recognition 2) The circular flow diagram shows A) how nominal GDP is distinct from real GDP. B) how the prices of factors are determined. C) the effects of inflation in a simple economy. D) the flows between different sectors of the economy. Answer: D Topic: Circular Flows Skill: Conceptual 3) The circular flow diagram indicates that A) households sell the services of factors of production to firms. B) firms buy the services of factors of production from the government. C) households sell goods and services to the government. D) firms buy goods and services from households. Answer: A Topic: Circular Flows Skill: Conceptual 4) In the circular flow model of an economy with no government sector and no international trade, households A) receive income from buyers of goods and services. B) receive income from the sale of factors in the goods markets. C) pay firms for the use of their factors. D) receive income from producers for the use of factors in the factor markets. Answer: D Topic: Circular Flows Skill: Conceptual 5) In the circular flow diagram, aggregate expenditure includes the sum of A) saving and investment. B) consumption and investment. C) consumption, investment, and saving. D) income and saving. Answer: B Topic: Circular Flow, Aggregate Expenditure Skill: Conceptual 6) In the circular flow of economic activity A) aggregate expenditure measures the dollar value of purc