EU20L3
1
Using the information in the table, calculate the value of aggregate expenditure.
£110 million
£120 million
£100 million
£145 million
2
Use the information in the table to calculate the value of net exports.
-£5 million
£0
£5 million
£15 million
3
Use the information in the table to calculate the value of household saving.
£40 million
£45 million
-£15 million
£15 million
4
Use the information in the table to calculate the value of government saving.
£45 million
£5 million
£15 million
-£5 million
5
Use the information in the table to calculate the value of domestic income at factor cost.
£125 million
£160 million
£130 million
£145 million
6
Use the information in the table plus the fact that indirect taxes less subsidies are £10 million to calculate GDP.
£155 million
£125 million
£150 million
£170 million
7
In 2002, Sara paid £6,000 for a car, which was manufactured in 1996. As a result, GDP in ____________.
2002 increases by £6,000
2002 decreases by £6,000
1996 is recalculated to include this transaction
2002 does not change
8
The table gives a simplified process by which wheat is transformed into a donut. What is the value added by the miller?
£0.15
£0.65
£0.35
£0.40
9
Use the information in the table to calculate nominal GDP in 2000.
£6,600 billion
£4.6 billion
£66 billion
£46 billion
10
Use the information in the table to calculate real GDP in 2001.
£640 billion
£100 billion
£64 billion
£67 billion