Mac06L3
1
Using the information in the table, calculate the value of aggregate expenditure in 1996.
$120 million
$145 million
$100 million
$110 million
2
Use the information in the table to calculate the value of net exports in 1996.
$5 million
$0
$15 million
-$5 million
3
Use the information in the table to calculate the value of household saving in 1996.
$15 million
-$15 million
$45 million
$40 million
4
Use the information in the table to calculate the value of government saving in 1996.
$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.
$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.
$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.
$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?
$0.15
$0.35
$0.65
$0.40
9
Use the information in the table to calculate nominal GDP in 1995.
$66 billion
$4.6 billion
$6,600 billion
$46 billion
10
Use the information in the table to calculate real GDP in 1996.
$64 billion
$67 billion
$640 billion
$100 billion
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