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Macroeconomic Modeling
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Which of the following is a flow variable?
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Two equivalent ways to view GDP are as the:
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To compute the value of GDP:
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The total income of everyone in the economy is exactly equal to the total:
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The statistic used by economists to measure the value of economic output is:
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The market value of all final goods and services produced within an economy in a given period of time is called:
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The economic statistic used to measure the level of prices is:
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The amount of capital in an economy is a ______ and the amount of investment is a ______
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Since GDP includes only the additions to income, not transfers of assets, ______ are not included in the computation of GDP
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It is a national income accounting rule that all expenditure on purchases of products in the economy is necessarily equal to:
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