Week 5 Quizzes – Eco/Gm 561

Week 5 Quizzes ECO/GM 561 Your Results for manners Assessment Quiz grade this page Site patronageEconomics UOP custom CW Book TitleUOP-custom course for Economics Book AuthorCase compendium of Results 100% Correct of 7 Scored items 7 Correct 100% 0 Incorrect 0% much information about scoring ________________________________________ 1. gross domestic product includes all transactions in which money or goods change hands. Your swear outFalse ________________________________________ 2. gross domestic product is suitable to the value of total sales in an economy. Your AnswerFalse _______________________________________ 3. I bought a record polish year. I dont like it any more and am going to sell it to my cousin for $2. This sale should be included in GDP. Your AnswerFalse ________________________________________ 4. Consumption, investment, government purchases, and net exports are the four components of total expenditures. Your Answer consecutive _________________________________ _______ 5. Households have all of their personal income to spend or save. Your AnswerFalse ________________________________________ 6.When economists calculate titulary GDP it means they are calculating 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 sise months. Anything time-consuming is called a depression. Your AnswerFalse ________________________________________ 3. To be considered employed a person mu st be running(a) for pay for at least 20 hours per week. Your AnswerFalse ________________________________________ 4. You need to be 14 historic period old to be considered part of the labor force. Your AnswerFalse ________________________________________ . A discouraged worker is not actually working. Your AnswerTrue ________________________________________ 6. People distinctively 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 index is based on a bundle of goods and services purchased yearly by the typical urban consumer. Your AnswerFalse ________________________________________