Which of these groups contribute to total GDP?
(1 point)
Responses
human records, raw materials, capital goods
government spending, capital goods, net imports
net imports, net exports, household spending
net exports, household spending, government spending
The correct answer is: net exports, household spending, government spending
The correct answer is: The grocery store would lay off several employees.
The correct answer is: Political leaders pass large spending cuts.
The correct answer is: gross domestic product per capita
Which of the following is most likely to happen if many families in a community stop spending as much money at the local grocery store?
(1 point)
Responses
Farmers would produce more crops to increase supply.
Farmers would produce more crops to increase supply.
The grocery store would lay off several employees.
The grocery store would invest in more displays.
The families would have to begin growing their own food.
Which of these events would most likely cause a recession?
(1 point)
Responses
The price of gasoline rises by ten percent.
Political leaders pass large spending cuts.
Many people find new jobs at the same time.
The value of total net exports rises unexpectedly.
What is an economy's total output divided by its total population called?
(1 point)
Responses
gross national product
gross national product
circular flow
circular flow
gross domestic product per capita
gross domestic product per capita
net export