Just need the answer

1.Discouraged workers are

(1 Point)

considered cyclically unemployed.

considered structurally unemployed

considered frictionally unemployed.

not considered as part of the labor force.

2._________________ is the decrease in the quantity of capital that results from wear and tear and obsolescence

(1 Point)

Gross investment

Depreciation

Net investment

All of the answer

3.The quantity of loanable funds demanded depends on the nominal interest rate.

(1 Point)

True

False

4.In calculating GDP, we must

(1 Point)

add the market value of imports and subtract the market value of exports

add the market value of exports and subtract the market value of imports

exclude net exports of goods and services (NX)

add the value of the goods produced outside of the United States by American firms

5.Saving is the main item that makes up the supply of loanable funds.

(1 Point)

True

False

6.If rich countries give financial aid to developing countries, investment and growth will increase

(1 Point)

True

False

7.Renewable resource includes

(1 Point)

Petroleum

Coal

Tree

Iron

8.The quantity of loanable funds supplied depends on

(1 Point)

The real interest rate

Disposable income

Expected future income

All of the answer

9.If a timber yard sells 1,000 of timber to a carpenter and the carpenter uses the timber to build a garage which he sells for 5,000, the contribution to GDP is 6,000.

(1 Point)

True

False

10.Adding wages, interest, rent, and profits yields

(1 Point)

Gross Domestic Product

Gross Domestic Product at factor cost

Net Domestic Product at factor cost

GNP

11.In 1989, the GDP Deflator was 124.0. In 1990, it was 130.7. What was the rate of inflation over this period?

(1 Point)

5.4 percent

30.7 percent

5.1 percent

You can't tell without knowing the base year

12.Productivity refers to the amount of goods and services that a worker can produce from each hour of work.

(1 Point)

True

False

13.Technological advance arises from formal research and development programs and from informal trial and error, and it involves discovering new ways of getting more out of our resources.

(1 Point)

True

False

14.Real GDP per person grows only if real GDP grows faster than the population

(1 Point)

True

False

15.Real GDP is measured in ________ prices while nominal GDP is measured in ________ prices

(1 Point)

foreign; domestic

current year; base year

domestic; foreign

base year; current year

16.GDP would include which of the following?

(1 Point)

intermediate sales

consulting services

illegal drug sales

housework

17.Which one is not the Preconditions for Labor Productivity Growth?

(1 Point)

Physical Capital

Human Capital

Financial Market

Natural Resources

18.Real GDP can be criticized as a measure of economic welfare because it --------

(1 Point)

Does not include the value of products produced in the household

Does not include leisure time available to a society

Does not take account of the degradation of environmental quality

All of the above answers are correct

19.The increase in unemployment that occurs during recessions and depressions is called

(1 Point)

frictional unemployment

Structural unemployment.

cyclical unemployment.

normal unemployment.

20.A government budget surplus increases the supply of loanable funds

(1 Point)

True

False