Mac06L3


  • 1
  • Using the information in the table, calculate the value of aggregate expenditure in 1996.

    mac06001.gif

    $120 million
    $145 million
    $100 million
    $110 million


  • 2
  • Use the information in the table to calculate the value of net exports in 1996.

    mac06002.gif

    $5 million
    $0
    $15 million
    -$5 million


  • 3
  • Use the information in the table to calculate the value of household saving in 1996.

    mac06003.gif

    $15 million
    -$15 million
    $45 million
    $40 million


  • 4
  • Use the information in the table to calculate the value of government saving in 1996.

    mac06004.gif

    $5 million
    $45 million
    $15 million
    -$5 million


  • 5
  • Use the information in the table to calculate the value of net domestic income at factor cost in 1996.

    mac06005.gif

    $160 billion
    $130 billion
    $125 billion
    $145 billion


  • 6
  • Use the information in the table plus the fact that indirect taxes less subsidies are $10 billion to calculate the value of net domestic product at market prices in 1996.

    mac06006.gif

    $170 billion
    $150 billion
    $125 billion
    $155 billion


  • 7
  • Use the information in the table plus the fact that indirect taxes less subsidies are $10 billion and depreciation is $25 billion to calculate the value of GDP in 1996.

    mac06007.gif

    $195 billion
    $150 billion
    $180 billion
    $145 billion


  • 8
  • The table gives a simplified process by which wheat is transformed into a donut. What is the value added by the miller?

    mac06008.gif

    $0.15
    $0.35
    $0.65
    $0.40


  • 9
  • Use the information in the table to calculate nominal GDP in 1995.

    mac06009.gif

    $66 billion
    $4.6 billion
    $6,600 billion
    $46 billion


  • 10
  • Use the information in the table to calculate real GDP in 1996.

    mac06010.gif

    $64 billion
    $67 billion
    $640 billion
    $100 billion


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