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Examen
BA207 Cumulative Final Exam Answered 2023.
BA207 Cumulative Final Exam. BA207 Cumulative 
Final Exam.National income accountants can avoid multiple counting by: 
 
including transfer payments in their calculations. 
Correct! 
 
only counting final goods. 
 
counting both intermediate and final goods. 
 
only counting intermediate goods. 
 
Question 5 
5 / 5 pts 
If intermediate goods and services were included in GDP: 
Correct! 
 
the GDP would be overstated. 
 
the GDP would then have to be deflated for changes in the price level. 
 
no...
Examen
BA207 Cumulative Final Exam
PopularBA207 Cumulative Final Exam. 
The two topics of primary concern in macroeconomics are: 
Correct! 
 
short-run fluctuations in output and employment, and long-run economic growth. 
 
unemployment, and wage rates in labor markets. 
 
monopoly power of corporations, and small business profitability. 
 
oil prices and housing markets. 
 
Question 2 
5 / 5 pts 
If the prices of all goods and services rose, but the quantity produced remained unchanged, what 
would happen to nominal and real GDP? 
 
no...