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单选题 For an economy, expenditure is equal to income because
学科：经济学导论
时间：2024-01-12 01:52:06
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题目1单选题
Which of the following statements about GDP is correctA. GDP measures two things at once: the total income of everyone in the economy and the total expenditure on the economy's output of goods and servicesB. Money continuously flows from households to firms and then back to households, and GDP measures this flow of moneyC. GDP is generally regarded as the best single measure of a society's economic well-beingD. All of the above are correct
题目2单选题
Because every transaction has a buyer and a sellerA. GDP is more closely associated with a nation's income than it is with a nation's expenditureB. every transaction contributes equally to an economy's income and to its expenditureC. the number of firms must be equal to the number of households in a simple circular-flow diagramD. firms' profits are necessarily zero in a simple circular-flow diagram
题目3单选题
In a simple circular-flow diagram total income and total expenditure areA. never equal because total income always exceeds total expenditureB. seldom equal because of the ongoing changes in an economy's unemployment rateC. equal only when one dollar is spent on goods for every dollar that is spent on servicesD. always equal because every transaction has a buyer and a seller
题目4单选题
Firms use the money they get from a sale toA. pay wages to workersB. pay rent to landlordsC. pay profit to the firms' ownersD. All of the above are correct
题目5单选题
For an economy, expenditure is equal to income becauseA. by law firms must pay out all their revenue as income to someoneB. for every sale there is a buyer and a sellerC. prices of individual goods and services change, but the average price level stays the sameD. None of the above is correct; expenditure is not always equal to income for an economy
题目6单选题
GDP is defined as the market value of all final goods and services producedA. by the citizens of a country, regardless of where they live, in a given period of time; this definition focuses on GDP as a measure of total incomeB. by the citizens of a country, regardless of where they live, in a given period of time; this definition focuses on GDP as a measure of total expenditureC. within a country in a given period of time; this definition focuses on GDP as a measure of total incomeD. within a country in a given period of time; this definition focuses on GDP as a measure of total expenditure
题目7单选题
In computing GDP, market prices are used to value final goods and services becauseA. market prices reflect the values of goods and servicesB. market prices do not change much over time, so it is easy to make comparisons between yearsC. if market prices are out of line with how people value goods, the government sets price ceilings and price floorsD. None of the above is correct; market prices are not used in computing GDP
题目8单选题
Which of the following is not included in GDPA. unpaid cleaning and maintenance of housesB. services such as those provided by lawyers and hair stylistsC. the estimated rental value of owner-occupied housingD. production of foreign citizens living in the United States
题目9单选题
Which of the following transactions adds to U.S. GDP for 2006A. In 2006, Ashley sells a car that she bought in 2002 to William for $5,000B. An American management consultant works in Mexico during the summer of 2006 and earns the equivalent of $30,000 during that timeC. When John and Jennifer were both single, they lived in separate apartments and each paid $750 in rent. John and Jennifer got married in 2006 and they bought a house that, according to reliable estimates, could be rented for $1,600 per monthD. None of the above transactions adds to GDP for 2006
题目10单选题
Over the last few decades, Americans have chosen to cook less at home and eat more at restaurants. This change in behavior, by itself, hasA. reduced measured GDPB. not affected measured GDPC. increased measured GDP only to the extent that the value of the restaurant meals exceeded the value of meals previously cooked at homeD. increased measured GDP by the full value of the restaurant meals
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