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Exam (elaborations)

MACRO CH 7 QUESTIONS WITH CORRECT ANSWERS 2025

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MACRO CH 7 QUESTIONS WITH CORRECT ANSWERS 2025

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Institution
Business finance
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Uploaded on
November 10, 2024
Number of pages
4
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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  • macro ch 7 questions with correct answers 2025

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MACRO CH 7 QUESTIONS WITH
CORRECT ANSWERS
TheYmoneyYpaidYbyYprivateYbusinessYtoYtheYsuppliersYofYloansYusedYtoYpurchaseYcapitalYorYmoneyYthatYhou
seholdsYreceiveYonYsavingsYaccountsYisYcalledY______.Y-YcorrectYanswer-interest



UsingYtheYexpenditureYapproach,YwhichYofYtheYfollowingYmostYcloselyYdefinesYtheYcompositionYofYGDP?Y-
YcorrectYanswer-CY+YIgY+YGY+YXY−YM




WhichYofYtheYfollowingYareYincludedYinYcompensationYofYemployees?Y-YcorrectYanswer-
PaymentsYbyYemployersYintoYprivateYpensionYplansYforYemployees

PaymentsYbyYemployersYintoYsocialYinsuranceYforYemployees

WagesYandYsalaries



_____Y_____consistsYofYtheYnetYincomeYofYsoleYproprietorships,Ypartnerships,YandYotherYunincorporatedYb
usinesses.Y-YcorrectYanswer-ProprietorYincome



______YisYtheYincomeYreceivedYbyYhouseholdsYandYbusinessesYthatYsupplyYpropertyYresources.Y-
YcorrectYanswer-rent




WhichYofYtheseYareYcomponentsYofYgovernmentYpurchasesYinYGDP?Y-YcorrectYanswer-
ExpendituresYforYgoodsYandYservicesYthatYtheYgovernmentYconsumesYinYprovidingYpublicYservices

ExpendituresYforYpubliclyYownedYcapital



______YincomeYconsistsYofYtheYmoneyYpaidYbyYprivateYbusinessesYtoYtheYsuppliersYofYloansYusedYtoYpurcha
seYcapital.Y-YcorrectYanswer-interest



GDPYisYequalYtoYCY+YIgY+Y_________Y+YXn.Y-YcorrectYanswer-GY(government



WhatYisYtheYnetYincomeYofYsoleYproprietorships,YpartnershipsYandYotherYunincorporatedYbusinesses?Y-
YcorrectYanswer-Proprietor'sYincome
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