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Macroeconomic Measures of Performance: Test
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Macroeconomic Measures of Performance: Test
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4 Questions

1. "Which of the following transactions would be counted in GDP?"
2. You are working at a supermarket bagging groceries, but you are unhappy about your wage, so you quit and begin looking for a new job at a competing grocery store. What type of unemployment is this?
3. GDP is $10 million, consumer spending is $6 million, government spending is $3 million, exports are $2 million, and imports are $3 million. How much is spent for investments?
4. If Real GDP = $200 billion and the price index = 200, Nominal GDP is