Which of the following would not be included in GDP?
a. Exports to other countries
b. Purchases of computers by government
c. Automobiles purchased
d. Dinner preparation for your family
100
False
True or False. Deflation results in lower buying power of money.
100
Ownership in a company or other asset
Equity refers to
a. Reduced spending by government
b. Ownership in a company or other asset
c. Borrowing to finance a capital project
d. Increased government taxes
200
Decreased training programs
Productivity would likely increase as a result of
a. Higher taxes
b. Expanded production technology
c. Decreased training programs
d. Lower government spending
200
True
True or false. When consumers increase their borrowing, interest rates tend to decline.
200
Higher borrowing
Which of the following would most likely cause a budget surplus for government?
a. Higher spending
b. Lower spending
c. Higher borrowing
d. Lower taxes
300
School supplies bought by students
Retail sales include
a. Taxes collected
b. Companies buying new equipment
c. Borrowing by business
d. School supplies bought by students
300
Prosperity
The phase of the business cycle in which unemployment is highest is
a. Recession
b. Recovery
c. Prosperity
d. Depression