Question : 41.A good producedby a firm in 2009,added to the firm’sinventory : 1261642
41.A good is producedby a firm in 2009,added to the firm’sinventory in 2010, andsold to a householdin 2010.Asaresult,onnet, a.2009GDPincreasedand2010GDPdecreased. b.2009GDPdecreasedand2010GDPincreased. c.2009GDPdidnotchangeand2010GDPincreased. d.2009GDPincreasedand2010GDPdidnotchange. 42.Astoveisproducedbyafirmin2014,addedtothefirm’sinventoryin2014,andsoldtoahouseholdin2015.Itfollowsthat a.thevalueofthegoodisaddedtotheinvestmentcategoryof2014GDP,addedtotheconsumptioncategoryof2015GDP,andsubtractedfromtheinvestmentcategoryof2015GDP. b.thevalueofthegoodisaddedtotheinvestmentcategoryof2014GDP,addedtotheconsumptioncategoryof2015GDP,andnotincludedintheinvestmentcategoryof2015GDP. c.thevalueofthegoodisaddedtotheinvestmentcategoryof2014GDP,subtractedfromtheconsumptioncategoryof2015GDP,andnotincludedintheinvestmentcategoryof2015GDP. d.thevalueofthegoodisaddedtotheinvestmentcategoryof2014GDP,subtractedfromtheconsumptioncategoryof2015GDP,andaddedtotheinvestmentcategoryof2015GDP. 43.RocketEnergyDrinkCompanybuyssugartoproduceenergydrinks.Attheendofaquarterbothitsinventoryofsugaranditsinventoryofenergydrinkshasincreased.Investmentforthequarterwillinclude a.boththeincreasedinventoryofsugarandtheincreasedinventoryofenergydrinks. b.theincreasedinventoryofsugar,butnottheincreasedinventoryofenergydrinks. c.theincreasedinventoryofenergydrinks,butnottheincreasedinventoryofsugar. d.neithertheincreasedinventoryofsugarnortheincreasedinventoryofenergydrinks. 44.WhichofthefollowingitemsisincludedinGDP? a.thesaleofstocksandbonds b.thesaleofusedgoods c.thesaleofservicessuchasthoseperformedbyadoctor d.AlloftheaboveareincludedinGDP. 45.Governmentpurchasesincludespendingongoodsandservicesby a.thefederalgovernment,butnotbystateorlocalgovernments. b.federalandstategovernments,butnotbylocalgovernments. c.federal,state,andlocalgovernments. d.federal,state,andlocalgovernments,aswellashouseholdspendingbyemployeesofthosegovernments. 46.Whichofthefollowingitemsiscountedaspartofgovernmentpurchases? a.ThefederalgovernmentpaysthesalaryofaNavyofficer. b.ThestateofNevadapaysaprivatefirmtorepairaNevadastatehighway. c.ThecityofLasVegas,Nevadapaysaprivatefirmtocollectgarbageinthatcity. d.Alloftheabovearecorrect. 47.Whichofthefollowingisincludedingovernmentpurchases? a.unemploymentbenefitsastatepays b.SocialSecuritypaymentstheU.S.governmentmakes c.theservicesofaU.S.governmentattorneyvaluedatthecostofhersalary d.Alloftheabovearecorrect. 48.Recently,theU.S.nationalincomeaccountshaveswitchedtocallinggovernmentpurchases a.governmentspendingandtransferpayments. b.transferpaymentsandgrossinvestmentbygovernment. c.governmentconsumptionexpenditureandgrossinvestment. d.governmentwages,salaries,andinvestmentexpenditure. 49.Aformofgovernmentspendingthatisnotmadeinexchangeforacurrentlyproducedgoodorserviceiscalled a.atransferpayment. b.consumption. c.investment. d.Noneoftheaboveiscorrect. 50.Atransferpaymentis a.apaymentformovingexpensesaworkerreceiveswhenheorsheistransferredbyanemployertoanewlocation. […]