Principles of Macroeconomics Study Set 5
Quiz 5: Spending and Output in the Short Run
What Is the Sum of the Value Added of All
What is the sum of the value added of all of the firms? A) $0.50. B) $1.50. C) $2.00. D) $4.00. E) $7.00.
Explore answers and all related questions
Which of the following transactions would be included in the GDP of Canada? A) Honda produces cars in Ontario. B) Bank of Nova Scotia operates a branch in the Bahamas. C) Nortel Corporation produces telecommunications equipment in the United States. D) Microsoft Corporation produces Windows Vista in Redmond,Washington. E) Coca-Cola produces soft drinks in England.
In the year 2012,Janice Quinn sells a five-year-old car to Used Car Inc.for $3,000.In the same year,Used Car Inc.resells the car to Ima Goner for $3,500.What is the contribution of this transaction to GDP in the year 2012? A) $0. B) $500. C) $3,000. D) $3,500. E) $6,500.
In the year 2012,Pete Rich purchases a painting done by Rembrandt in 1,642 for $20 million.He also pays a one percent commission to the auction house that sold the painting.What is the contribution of this transaction to GDP in the year 2012? A) $0. B) $200,000. C) $2 million. D) $20 million. E) $20.2 million.
Explore all questions
How it work
Terms And Conditions
© 2020-2021 Cozyplus FZ LLC. All rights reserved