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1. The term aggregate, in macroeconomics, refers to _________.

2. An annual inflation rate of 2% would cause prices to double _______ in years

3. Which of the following is true concerning macroeconomic goals?

4. The most variable portion of GDP has been _______.

5. Gross domestic product is ________.

6. Which of the following would be included in the income approach to calculating GDP?

7. The two main methods of measuring GDP are ___________

8. Net investment refers to _________

9. The underground economy ________

10. Which of the following is the formula for real GDP?

11. Value added in a country equals ________.

12.  Which of the following is an example of a coincident indicator?

13. The business cycle consists of several stages or phases. Which of the following sequences is in a proper order of a business cycle

14. Economic statistics that give support to the economy's present performance are referred to as ________

15. The difference between net domestic product and national income is ________

16. The difference between personal income and national income is due to ________.

17. If you wanted to measure the amount of income households had available after paying personal taxes, which of the following would you use?

18. Fiscal imbalance refers to _______.

19. Coincident indicators are economic time series data that reach their respective highs and lows _________.

20. Under the Budget Enforcement Act of 1990, Congress would not allow itself to _______

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  • Category:- Business Economics
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