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Principles of Macroeconomics

Business

Quiz 7 :

The Spending Allocation Model

Quiz 7 :

The Spending Allocation Model

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The spending allocation model is used to determine
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Multiple Choice
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Answer:

A

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Net exports for the United States have been negative in the past 25 years, with an increasingly larger difference between imports and exports.
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True False
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Answer:

True

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The spending allocation model is designed to explain
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Multiple Choice
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Answer:

D

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Since the late 1980s, the government purchases share has gone up, and the investment and consumption shares have gone down.
True False
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Between 2000 and 2010, the government purchases share of the GDP of the United States increased from about 17.5 to 20.5 percent, while the investment share decreased from 17.7 to 12.4 percent.
True False
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The sum of all spending shares of GDP is always equal to one.
True False
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In a speech to the House of Commons in the U.K. on June 23, 2016, Chancellor of the Exchequer George Osborne expressed concern about which of the following economic trends of the U.K.?
Multiple Choice
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Which of the four spending shares is the largest?
Multiple Choice
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Changes in the government spending share of GDP have no effect on the investment share of GDP.
True False
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Which of the following statements is true?
Multiple Choice
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Which of the following is true?
Multiple Choice
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In 2015, the government share of GDP was about
Multiple Choice
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Which of the following is the correct ordering if we want to rank the four spending shares of U.S. GDP in 2015 in descending (from highest to lowest) order?
Multiple Choice
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In 2015, the investment share of GDP was about
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If GDP increases, then it is possible for all spending shares to increase simultaneously.
True False
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Which of the following statements is the most accurate about the spending allocation model?
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The spending allocation model allows economists to determine how GDP is allocated among the major components of spending, which are
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The spending allocation model determines how consumers allocate their income between consumption and saving.
True False
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The net export share has been negative for the last 30 years.
True False
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The spending allocation model applies more to the long run than to the short run.
True False
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