Seventh Edition

Principles of
Macroeconomics

Wojciech Gerson (1831-1901)

N. Gregory Mankiw

CHAPTER Measuring a
10 Nations Income
2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
 Questions
1. Difference between Real and Nominal GDP is
A. Measured by excluding some of the sectors
B. That real GDP is always smaller than Nominal GDP
C. Change in price level from base year to current year
D. None of the above.

2. GDP is market value of all the final goods

A. Produced domestically
B. Produced by domestic factors of production
C. Produced by all factors of production D. All of the above

3. When comparing nation's economic position with other one should
see its
A. GDP B. Per Capita GDP
C. Currency in circulation D. None of the above

2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
1
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
 Questions

2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
2
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
 Questions

2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
3
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
 Questions

2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
4
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.