Podcast
Questions and Answers
What does gross domestic product (GDP) measure?
What does gross domestic product (GDP) measure?
How is GDP related to a nation’s total income and spending?
How is GDP related to a nation’s total income and spending?
Which products are included in GDP?
Which products are included in GDP?
How is GDP corrected for inflation?
How is GDP corrected for inflation?
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Does GDP measure society’s well-being?
Does GDP measure society’s well-being?
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What is excluded from GDP measurement?
What is excluded from GDP measurement?
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Which of the following is not included in the calculation of GDP?
Which of the following is not included in the calculation of GDP?
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If a country's GDP rises but net exports fall, what type of spending has increased?
If a country's GDP rises but net exports fall, what type of spending has increased?
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In the context of GDP, what does 'NX' represent in the equation Y (GDP) = C + I + G + NX?
In the context of GDP, what does 'NX' represent in the equation Y (GDP) = C + I + G + NX?
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If a household spends $500 on a used car, how does it affect the GDP?
If a household spends $500 on a used car, how does it affect the GDP?
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Which component of GDP is affected when a business spends on capital equipment and structures?
Which component of GDP is affected when a business spends on capital equipment and structures?
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What happens to GDP if a country's residents spend more on foreign goods than foreigners spend on domestically produced goods?
What happens to GDP if a country's residents spend more on foreign goods than foreigners spend on domestically produced goods?
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If a government increases its spending on infrastructure projects, which component of GDP is directly affected?
If a government increases its spending on infrastructure projects, which component of GDP is directly affected?
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Which of the following activities is not included in the calculation of GDP?
Which of the following activities is not included in the calculation of GDP?
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