1. The term aggregate, in macroeconomics, refers to _________.
2. An annual inflation rate of 2% would cause prices to double _______ in years
3. Which of the following is true concerning macroeconomic goals?
4. The most variable portion of GDP has been _______.
5. Gross domestic product is ________.
6. Which of the following would be included in the income approach to calculating GDP?
7. The two main methods of measuring GDP are ___________
8. Net investment refers to _________
9. The underground economy ________
10. Which of the following is the formula for real GDP?
11. Value added in a country equals ________.
12. Which of the following is an example of a coincident indicator?
13. The business cycle consists of several stages or phases. Which of the following sequences is in a proper order of a business cycle
14. Economic statistics that give support to the economy's present performance are referred to as ________
15. The difference between net domestic product and national income is ________
16. The difference between personal income and national income is due to ________.
17. If you wanted to measure the amount of income households had available after paying personal taxes, which of the following would you use?
18. Fiscal imbalance refers to _______.
19. Coincident indicators are economic time series data that reach their respective highs and lows _________.
20. Under the Budget Enforcement Act of 1990, Congress would not allow itself to _______