81) C + net I + G + X equals
82) If imports are $100 million less than exports, government spending is $500 million, consumer expenditures are $1 billion, and investment spending is $500 million, then GDP is
A) $1 billion.
B) $1.9 billion.
C) $2 billion.
D) $2.1 billion.
83) If consumption expenditures are $500 million, spending on fixed investment is $100 million, the increase in inventories equals $5 million, imports are $50 million, exports are $55 million, government spending on goods and services is $200 million, than GDP is
A) $790 million.
B) $800 million.
C) $810 million.
D) $830 million.
84) Gross domestic product is
A) NDP plus net exports.
B) NDP plus taxes.
C) NDP plus depreciation.
D) NDP less changes in inventories.
85) Net investment refers to
A) the change in the capital stock after subtracting out depreciation.
B) the change in inventories over a 1-year period.
C) the change in investment spending and the change in government expenditures on infrastructure.
D) exports minus imports.
86) If consumption expenditures are $100 million, net investment is $50 million, imports are $20 million, exports are $10 million, government spending on goods and services is $40 million, Social Security spending is $15 million, and sales of existing homes equals $40 million, then what is the measure of GDP?
A) GDP = $225 million
B) GDP = $180 million
C) GDP = $295 million
D) GDP = $195 million
87) The components of GDP using the income method (excluding indirect business taxes and depreciation) are
A) consumption expenditures, investment expenditures, and government expenditures.
B) consumption expenditures, investment expenditures, government expenditures, and net exports.
C) wages and interest.
D) wages, interest, rents, and profits.
88) All of the following are included in the calculation of gross domestic income (GDI) EXCEPT
A) consumer expenditures.
D) indirect business taxes.
89) Excluding indirect business taxes and depreciation, Gross Domestic Income (GDI)
A) is the sum of all income paid to the factors of production.
B) never equals GDP.
C) would equal GDP if there was no depreciation.
D) cannot be computed.
90) Which of the following statements is true?
A) GDP = NDP
B) GDP = NI
C) GDP = GDI
D) GDP = PI