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Triệu Khánh Duy HE153098 MKT1610
Triệu Khánh Duy HE153098 MKT1610
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Term: Fall2021
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STUDENt Information
Name: TRIỆU KHÁNH DUY Roll number: HE153098
Room No: Class: MKT1610
Quizz 01
Multiple choices
3) Refer to Table 6.1. The value for gross private domestic investment in billions of dollars is
A) 300.
B) 375.
C) 325.
D) 450.
4) Refer to Table 6.1. The value for net exports in billions of dollars is
A) 350.
B) 250.
C) 650.
D) 800.
5) Refer to Table 6.1. The value of gross domestic product in billions of dollars is
A) 3,000.
B) 2,875.
C) 3,125.
D) 3,750.
7) When calculating GDP, exports are ________ and imports are ________.
A) added; added
B) added; subtracted
C) subtracted; added
D) subtracted; subtracted
8) If the value of net exports is negative, then
A) exports exceed imports.
B) imports exceed exports.
C) exports equal imports.
D) imports are zero.
10) What type of tax affects the amount of money you pay for a product?
A) direct tax
B) income tax
C) indirect tax
D) all of the above
12) If disposable personal income is $400 billion and personal saving is $8 billion, the personal saving rate
is
A) 1.5%.
B) 2%.
C) 5%.
D) 12%.
13) If the personal saving rate is 5% and personal saving is $10 billion, the value of personal
disposable income
A) is $100 billion.
B) is $200 billion.
C) is $500 billion.
D) cannot be determined from this information.
15) If nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is
A) 48.
B) 75.
C) 133.33.
D) 480.
16) The productivity of workers is defined as the
A) total output produced by the labor force.
B) output produced by a worker per hour.
C) number of hours a worker spends at work.
D) number of workers needed to produce one dayʹs volume of output.
19) For you to be considered out of the labor force, you can be
A) a full-time student.
B) a full-time retiree.
C) a full-time volunteer.
D) any of the above
20) Cheryl graduated from college a month ago and is now without work. She accepted a job that will start
next month. Today, Cheryl is
A) not in the labor force.
B) in the labor force.
C) employed.
D) a discouraged worker.
23) If Mr. Garrison is paid an interest rate of 4% on his savings, but the inflation rate is 7%, the real interest
rate Mr. Garrison earns is
A) 4%.
B) -3%.
C) -7%.
D) 28%.
24) You want to make a 10% real return on a loan that you are planning to make, and the expected inflation
rate during the period of the loan is 4%. You should charge a nominal interest rate of
A) 6%.
B) -6%.
C) 10%.
D) 14%.
25) Lola wants to make an 6% real return on a loan that she is planning to make, and the expected inflation
rate during the period of the loan is 5%. She should charge an interest rate of
A) 6%.
B) 16%.
C) 11%.
D) 1%.