Notesale: Turn your study into money

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The abbreviation NDP
stands for:

net domestic product
...


Contractionary fiscal
policy includes:

decreasing government
purchases
...


increase in imports
...


An example of economic
activity on the "paper" side of
the economy, in contrast to
the "real" side of the
economy, is:

depositing money in a
bank
...


The firms that combine
resources to produce
goods and services
make up the:

business sector
...


GDP measures only the
value of FINAL goods
and services to:

avoid double counting
...


High or rising
unemployment is most
likely to occur during:

a business-cycle
contraction
...


If I earn and receive $1000 of income
this month, spend $550 for food, $350
for rent on my apartment, $50 for
shares of Microsoft stock, and $50 for
cable television services, my saving for
the month is:

$50
...


An interest rate measure
is one of several
statistics used as a:

lagging economic
indicator

In the circular flow model,
investment borrowing diverts
__________ from the household
sector to the business sector
through the __________ markets
...


In the four-sector, threefrom the foreign sector
...


lagging economic
indicator

limit the natural
instability of business
cycles
...


The macroeconomic
problem of too little
production is most likely
to arise because:

buyers are not buying
all that can be
produced
...


Net exports are:

Net foreign factor
income represents the
difference between:

all available resources
are engaged in
production
...


net foreign factor
income

foreign spending on
goods and services
...


One of two important
reasons to study the
measurement of GDP is:

a way to track
economic instability
and business cycles
...

is:
A persistent increase in
the economy's average
price level is:

inflation

The political explanation
of business-cycle
instability is based on
the proposition that:

government policies
have affect on the
economy
...


The provision of goods, such
as national defense, streets,
and education, is primarily
the function of the:

government sector
...


The total income received by
members of the domestic
household sector, which may or
may not be earned from productive
activities during a given time period
is:

personal income
...


The wages earned by a
Canadian citizen who is
employed in Canada
would be:

excluded from both
U
...
GDP and U
...
GNP



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