Macroeconomics Questions

Suppose a house is built and sold in the year 2008. If the house is resold in the year​ 2019, is the value of the house included in Gross Domestic Product (GDP) for​ 2019?

The aggregate expenditure model can be written in terms of four spending categories. Which equation shows the relationship between aggregate expenditure and the four spending​ categories?

Even though it is not the largest component of aggregate​ expenditure, investment is still vitally important for an economy for all of the following reasons except

Property rights have been determined to be a major factor that helps countries sustain economic growth. Governments can change laws and policies in order to give individuals and firms more freedom.By doing​ so, government can help promote growth because greater property rights

In​ 2013, the population of Great Britain was around 64 million. According to the World​ Bank, the​ country's GDP​ (expressed in US​ dollars) in 2013 was about​ $2.5 trillion. This implies that​ Britain's 2013 per capita GDP was about

If the U.S. Bureau of Economic Analysis​ (BEA) added up the values of every good and service sold during the​ year, would the total be larger or smaller than measured gross domestic product​ (GDP)?

Indicate whether each of the following is a final​ good, an intermediate​ good, or neither.Coffee beans purchased by a coffee shopOne share of Google stockA new​ pick-up truck purchased by a consumerA new home purchased by a family

Indicate whether each of the following transactions represents the purchase of a final good: 1. The purchase of steel from a steel mill by an automobile manufacturer. 2. The purchase of two new elementary school buildings by the state government. Is the purchase of a final good3. The purchase of domestic wine by a French consumer. 4. The purchase of a new machine tool by the Ford Motor Company.

Which equation represents the relationship between GDP and the four major expenditure​ components?

Supply-side fiscal policy is generally enacted through

Suppose the United States pursued an expansionary fiscal policy to stimulate its economy and eliminate a recession. The net export effect suggests that net exports would...

If the government wishes to increase the level of real GDP it might reduce

With a proportional tax system, as the level of income increases in an economy, the average tax rate will

The length of time involved for the fiscal action taken by Congress to affect output, employment, or the price level is referred to as

Which is a more expansionary way for government to finance a budget deficit?

Which would be the most contractionary use of funds from a budget surplus?

The crowding out effect of an expansionary (deficit) fiscal policy is the result of government borrowing in the money market which...

If Congress passes legislation to make a substantial increase in government spending to counter the effects of a severe recession, this would be an example of

The effect of an expansionary fiscal policy on the real GDP of an economy operating in the upsloping portion of the aggregate supply curve is

When government tax revenues change automatically and in a countercyclical direction over the course of the business cycle, this is an example of...