Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

National Income and Product Accounts (NIPA) Quiz

10 Questions

0 Views

National Income and Product Accounts (NIPA) Quiz

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the main purpose of the national income and product accounts (NIPA)?

To provide data on general economic activity in the United States (correct)

To report the monetary value and sources of output produced in the country

To analyze the international trade balance

To track the distribution of incomes generated by production

How are the national income and product accounts (NIPA) produced?

By the Federal Reserve

By the Bureau of Economic Analysis of the Department of Commerce (correct)

By the Internal Revenue Service

By the Bureau of Labor Statistics

What does the left side of the two-column accounting report in the national income and product accounts (NIPA) show?

Gross Domestic Product (GDP) by the income method (correct)

National product as credit expense

Gross Domestic Product (GDP) by the expenditure method

National income as debit revenue

What type of accounting method is used in the national income and product accounts (NIPA)?

Double-entry accounting Signup and view all the answers

How many summary accounts are published in the national income and product accounts (NIPA)?

Seven Signup and view all the answers

According to Keynesian economics, what strongly influences economic output and inflation?

Aggregate demand Signup and view all the answers

What do Keynesian economists argue about aggregate demand in a market economy?

It is volatile and unstable Signup and view all the answers

What do Keynesian economists suggest can mitigate economic fluctuations?

Coordinated economic policy responses Signup and view all the answers

According to Keynesian economics, what can lead to recessions in a market economy?

Low demand Signup and view all the answers

What is the Keynesian view on the relationship between aggregate demand and productive capacity?

They do not necessarily equal each other Signup and view all the answers