Macroeconomics Ture-False questions;

1 GDP per capita does not measure the value of all intermediate goods and services produced in the economy.

2 The largest spending category in GDP is consumption.

3 Most of the value added in GDP in the United States is added by consumers rather than business.

4 The peak of the business cycle provides evidence that the recession is soon to come.

5 Suppose there is an excess supply for water in Florida. This means that we can expect the price of water to increase in Florida over time.

6 A non-linear curve has the same slope between every pair of points.