
Econ Macroeconomics Review
Flashcard
•
Social Studies
•
12th Grade
•
Hard

Matthew White
FREE Resource
Student preview

38 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Gross domestic product is best described as a measure of
Back
current final output produced by an economy
2.
FLASHCARD QUESTION
Front
When there is inflation in an economy which is ALWAYS true?
Back
the consumer price index has increased.
3.
FLASHCARD QUESTION
Front
The formula for GDP is:
Back
C + I + G + Xn
4.
FLASHCARD QUESTION
Front
You own a factory and pay for two of your workers to obtain master's degrees in chemical engineering. Which part of the GDP formula would be affected?
Back
Investment
5.
FLASHCARD QUESTION
Front
What do economists calculate to adjust GDP growth for price increases?
Back
Real GDP
6.
FLASHCARD QUESTION
Front
The GDP is the:
Back
monetary value of all final goods and services produced within a nation in a particular year.
7.
FLASHCARD QUESTION
Front
Net exports refers to:
Back
Exports - Imports
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