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Exam (elaborations)

MACROECONOMICS (CHAPTER 7) QUESTIONS WITH CORRECT ANSWERS 2025

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MACROECONOMICS (CHAPTER 7) QUESTIONS WITH CORRECT ANSWERS 2025

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Business finance
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Uploaded on
November 11, 2024
Number of pages
4
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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  • macroeconomics chapter 7 questions with correct

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MACROECONOMICS (CHAPTER 7)
QUESTIONS WITH CORRECT ANSWERS
2025
WhatAisAnationalAincomeAaccounting?A-AcorrectAanswer-measuresAtheAeconomy'sAoverallAperformance



WhatAisAgrossAdomesticAproduct?A-AcorrectAanswer-
TheAprimaryAmeasureAofAanAeconomy'sAperformanceAisAitsAaggregateAoutput,AorAtotalAoutput,AofAgoodsAan
dAservices



WhatAisAvalueAadded?A-AcorrectAanswer-
IsAtheAmarketAvalueAofAaAfirm'sAoutputAlessAtheAvalueAofAtheAinputsAtheAfirmAhasAbought



WhatAisAmultipleAcounting?A-AcorrectAanswer-
IsAtheAmistakeAofAincludingAtheAsalesAvaluesAofAintermediateAgoodsAinAGDP



WhatAisAexpenditureAapproach?A-AcorrectAanswer-
TheAsumAofAallAtheAmoneyAspentAbuyingAfinalAgoodsAandAservices



WhatAisAaAnation'sAgrossAdomesticAproductA(GDP)?A-AcorrectAanswer-
IsAtheAdollarAvalueAofAallAfinalAoutputAproducedAwithinAtheAbordersAofAtheAnationAduringAaAspecificAperiodA
ofAtime



WhichAofAtheAfollowingAisAaAfinalAgoodAorAservice?

A.AAAhaircutApurchasedAbyAaAfatherAforAhisA12-year-oldAson

B.AFertilizerApurchasedAbyAaAfarmAsupplierA

C.ADieselAfuelAboughtAforAaAdeliveryAtruckA

D.AChevroletAwindowsApurchasedAbyAaAGeneralAMotorsAassemblyAplantA-AcorrectAanswer-
A.AAAhaircutApurchasedAbyAaAfatherAforAhisA12-year-oldAson



InAcalculatingAGDP,AgovernmentalAtransferApayments.AsuchAasASocialASecurityAorAunemploymentAcompens
ation,AareA
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