1. GDP is calculated by summing ________. consumption, investment, and exports o
ID: 2813748 • Letter: 1
Question
1. GDP is calculated by summing ________.
consumption, investment, and exports of all final goods and services produced within the borders of a given country during a specific period
the dollar value of all final goods and services produced within the borders of a given country during a specific period
government expenditures within the borders of a given country during a specific period
the quantity of all final goods and services produced within the borders of a given country during a specific period
2. Which of the following is NOT a component of gross domestic product (GDP)?
Consumption
Investments
Net exports
Taxes
3. The CPI is a measure of the overall cost of the goods and services bought by ________.
foreign visitors to the United States
a typical U.S. consumer
government agencies such as the Bureau of Labor Statistics
typical U.S. businesses
4. The responsibilities of the U.S. Federal Reserve System include ________.
overseeing the banking system and regulating the quantity of money in the economy
setting the level of real interest rates
working with Congress to devise a financial plan for the country and execute the President's orders
calculating and reporting the unemployment rate
5. To increase the supply of money when the economy is weak, the Fed ________.
closes banks
reduces inflation
sells bonds
buys bonds
6. The federal funds rate is the short-term interest rate that ________.
banks charge their best customers when borrowing
banks earn on savings accounts with the Fed
banks charge each other when borrowing or lending to each other
the Fed charges banks when borrowing
7. When the Fed increases the money supply and consequently lowers interest rates, the value of the dollar ________.
will rise by more in the market for foreign exchange, all else equal
will fall, all else equal
is not impacted by Fed policy
will rise, all else equal
Explanation / Answer
As per CHEGG policy i have answered first 4 question for rest of question please raise new request.
Answer -1 GDP is calculated by summing ________the dollar value of all final goods and services produced within the borders of a given country during a specific period.
GDP is gorss domestic product and its sum of goods and service produced during a period typically a year.
Anwer -2 Which of the following is NOT a component of gross domestic product (GDP) : Taxes
Consumption, Investments and Net exports are component of GDP
answer -3 The CPI is a measure of the overall cost of the goods and services bought by ________a typical U.S. consumer.
As CPI represent consumer price index and consumer here is US consumer.
Answer 4- The responsibilities of the U.S. Federal Reserve System include ________.overseeing the banking system and regulating the quantity of money in the economy.
Other are not part of Fed responsiblities.
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