Which of these groups contribute to total GDP?

Question

(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

Answer 1

The correct answer is: net exports, household spending, government spending

Answer 2

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.

Answer 3

The correct answer is: The grocery store would lay off several employees.

Answer 4

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.

Answer 5

The correct answer is: Political leaders pass large spending cuts.

Answer 6

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

Answer 7

The correct answer is: gross domestic product per capita