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Posts tagged as “Macroeconomic”

Macroeconomic – A tour of the Book

Macroeconomic A Tour of the Book 2.1 Multiple Choice Questions 1) Fill in the blank for the following: GDP is the value of all ________ produced in a given period. A) final and intermediate goods and services produced by the private sector only B) final goods and services C) final and intermediate goods and services, plus raw materials D) all of the above E) none of the above Answer: B 2) When using the income approach to measure GDP, the largest share of GDP generally consists of A) interest income. B) labor income. C) indirect taxes. D) profits. E) capital…