Practice mode / Miscellaneous Economics A way of calculating the total output of the economy regardless of where resources are located is? A Option A: the GDP B Option B: the GNP C Option C: the NNP D Option D: the SPQR Correct answer D. the SPQR Show answer
Question 01 / Miscellaneous Economics In order to raise the GNP and the GDP per capita one must? A Option A: earn more money B Option B: increase productivity C Option C: increase absenteeism D Option D: decrease productivity Correct answer B. increase productivity Show answer Open question
Question 02 / Miscellaneous Economics The inordinate growth of government is a side effect of? A Option A: the increasing poverty of individual states B Option B: government intervention in the economy C Option C: the political apathy of public D Option D: the willingness of individuals to give up traditional freedoms Correct answer B. government intervention in the economy Show answer Open question
Question 03 / Miscellaneous Economics Which is/are the policy option(s) to counteract business cycles? A Option A: Shift the demand curve B Option B: Shift the supply curve C Option C: Do noting D Option D: All of the above Correct answer D. All of the above Show answer Open question
Question 04 / Miscellaneous Economics The argument that in some situations the government had to “prime the pump” was advanced by? A Option A: Karl Marx B Option B: Adam Smith C Option C: John Maynard Keynes D Option D: Milton Friedman Correct answer C. John Maynard Keynes Show answer Open question
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