超星 - Quick Quiz 6.1 Measuring a Nation's Income

单选题

Most goods and services produced at home______________

A. and most goods and services produced illegally are included in GDP.
B. are included in GDP while most goods and services produced illegally are excluded from GDP.
C. are excluded from GDP while most goods and services produced illegally are included in GDP
D. and most goods and services produced illegally are excluded from GDP.

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单选题

Rachel babysits for her sister for no pay. When she babysits for someone else she charges $8 an hour. When is Rachel’s babysitting included in GDP?______________

A. When she babysits for her sister and when she babysits for someone else.
B. When she babysits for her sister, but not when she babysits for someone else.
C. When she babysits for someone else, but not when she babysits for her sister.
D. Neither when she babysits for her sister nor for someone else.

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单选题

Which of the following is not included in GDP?______________

A. carrots grown in your garden and eaten by your family
B. carrots purchased at a farmer’s market and eaten by your family
C. carrots purchased at a grocery store and eaten by your family
D. None of the above are included in GDP.

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单选题

For the purpose of calculating GDP, investment is spending on______________

A. stocks, bonds, and other financial assets.
B. real estate and financial assets such as stocks and bonds.
C. capital equipment, inventories, and structures, including household purchases of new housing.
D. capital equipment, inventories, and structures, excluding household purchases of new housing.

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单选题

Which of the following items is included in GDP?______________

A. the sale of stocks and bonds
B. the sale of used goods
C. the sale of services such as those performed by a doctor
D. All of the above are included in GDP.

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单选题

Transfer payments______________

A. are payments that flow from government to households.
B. are not made in exchange for currently produced goods or services.
C. alter household income, but they do not reflect the economy’s production.
D. All of the above are correct.

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单选题

Net exports equal______________

A. exports plus imports.
B. exports minus imports.
C. imports minus exports.
D. GDP minus imports.

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单选题

If the prices of all goods and services produced in the economy rose while the quantity of all goods and services stayed the same, which would rise?______________

A. both real GDP and nominal GDP
B. real GDP but not nominal GDP
C. nominal GDP but not real GDP
D. neither nominal GDP nor real GDP

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单选题

Changes in nominal GDP reflect______________

A. only changes in prices.
B. only changes in the amounts being produced.
C. both changes in prices and changes in the amounts being produced.
D. neither changes in prices nor changes in the amounts being produced.

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单选题

GDP does not reflect______________

A. the value of leisure.
B. the value of goods and services produced at home.
C. the quality of the environment.
D. All of the above are correct.

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