CHAPTER 2

1. The market value of all final goods and services produced in a country in a given time period is
……………….. sản xuất trong một quốc gia

a. Gross Domestic Product

(quốc nội)

b. Gross National Product

c. Transfer payments

d. Output growth

2. The measure (thước đo) of outputs produced by factors of production owned by a country's citizens
regardless of where the output is produced is ……………….(GDP)-> đáp án

a. Gross Domestic Product(GDP)

b. Gross National Product

c. Countrys production

d. Output growth rate

3. A trade balance that exists when a nation's imports exceed its exports is called :

nhập khẩu vượt quá xuất khẩu là deficit, xuất khẩu vượt quá nhập khẩu là surplus

a. Trade surplus b. Trade deficit c. Trade balance d. Trade imports

4. The……………. a countrys GDP, the better the standard of living.

Mức sống cao thì GDP cao (mức sống)

a. Lower b. lower and smaller c. Greater d. smaller

5. AIl final goods and services produced by Vietnamese citizens and foreiqgners living in Vietnam ín a
given time period is classifled under ________ (thuộc một nước là nội địa)

a. Gross Domestic Product b Gross NatlonalProduct

c. Transferpayments d Output growth

6. The outputs produced by Vietnamese citizens within Vietnam and overseas countries is classified
under _________

a. Gross Domestic Product

b. Gross National Product

c. Country's production

d. Company Output
7. Vietnam's imports exceed its exports to USA, Canada, Australia and other countries results to trade

a. surplus b. deficit c. balance d. imports

8. Vietnam's exports exceed its imports from USA, Canada, Australia and other countries results to
trade

a. Surplus b. Deficit c. Balance d. exports

9. A trade balance that exists when a nation's exports exceed its imports is called š

a. Trade surplus b. Trade deficit c. Trade balance d. Trade exports

10. Goods, services, and intermediate products produced ín other countries and delivered to Vietnam
for consumption is :

a. lmport b. Export c. Surplus d. Deficit

11. Goods that are produced by one firm for use in further processing to produce other goods is
known as……………

(sản phẩm đc sản xuất lại đc sử dụng sản xuất sản phẩm khác, vd: sản xuất-> bột làm bánh ->bánh )

a. Household producton b. Non-marketactivile s c. Illegal activities d. Intermediate goods

(hàng hóa trung gian)

12. Goods that are made at home for consumption is :

a. Market value b. Final goods and servdices c. Value ofoutput d. Non-market activities

(sản xuất tại nhà là hđ phi thị trường)

13. Which of the following is not included in the computation of GDP?

a. Final goods and services

b. Market activitles

c. Products produced within a country

d. Non-market activities (phi thị trường là ko lợi nhuận nên ko đc tính là GDP)

14. Which of the following is not included in Vietnam's GDP?

a. Final goods and services b. Market activitles

c. Products produced in USA d. Products produced in Vietnam

15. Which of the following is not included in the computation of Vietnam GDP for 2019?

a. Final goods and services produced in 2019

b. Final goods and services produced in 2018

c. Market activitles in 2019

d. Buildings constructed in 2018

16. Mr. Tuan perforrns the following various activitles, which of the following is not ínciluded in
Vietnam's GDP?

a. Brokers fee mô giới (phí)

b. Sale of stocks and bonds (bán cổ phiếu)

c. Market activities (hoạt động thị trường)

d. Salaries and wages (tiền lương và tiền công)

17. lf Vietnam exports is $100 and Vietnam imports is $200. Net Export is………… USD. ( E-I )

a. 100 b. 300 c. -100 d. -300

18. lf Vietnam import $100 and exports $200, then there is…………..

a. $100 trade deficit

b. $300 trade surplus

c. $100 trade surplus

d. $300 trade deficit

19. Which of the following is not included in GDP?

a. Brokers fee

b. Sale of stocks and bonds

c. Market actlvitles

d. Salaries and wages

20. Mark always changes his own oil. Is this effort counted in GDP?

a. No - Black Market

b. No - Non-market Activity

c.. No - Unreported income

d. No - Purely financial transaction

21. It is a method of computing GNP which measures the income (đo lường thu nhập) received by all
factors of production in producing final qoods and services

a. Expenditure approach (tiếp cận chi tiêu)

b. lncome approach (tiếp cận thu nhập)

c. Product approach (tiếp cận sản phẩm )

d. Transfer payments (các khoản thanh toán)

22. The method of computing GNP which measures the total amount (đo lường chi tiêu) spent on all
final goods and services is……………..

a. Expenditure approach

b. lncome approach

c. Product approach

d. Transfer payments

23. In the long run, what is a country's standard of living dependent on?

Về lâu dài, mức sống của môt quốc gia phụ thuộc vào

a. Productivity (năng suất)

b. Material possessions (vật chất)

c. Money market (thị trường tiền tệ)

d. Tax rate (thuế)

24. The output per person is……….

a. GDP per capita b. GDP c. Productivity đ. Investment

25. High levels of GDP per capita indicate l

a. Higher levels ofunhappiness b. Higher standard of living

c. Equal levels of wealth d. Lower standard of living

26. The total value of all of the final goods and services that an economy produces during a given year,

accounting for infiation is terrmed as :

a. Nominal GDP b. Totaloutput c. Real GDP đ. Consumption

27. The value of all the final goods and services produced during a given year, not accounting for
infiation

from year to year is known as J

a. Nominal GDP b. Investment c. Real GDP d. Househoid consumption

28. Vietnam airline buy a new plane. This ¡s part of the GDP under -

a. Consumption Expenditures b. Investment Expenditures

c. Government Expenditures d. Net lmports

23b 24a 25b 26c 27

29. A shoe Vietnamese Company located ín Vietnam produced and sold shoes in the U.S.

a. Included in U.S. GDP b. Included in IS and Vietnam GDP

c. Included In Vietnam GDP d. Not included in GDP

30. Vietnam war planes, tanks, bridges, and roads are part of the GDP under

a. Consumption Expenditures b. lInvestment Expenditures

c. Government Expenditures d. Net lImports

31. Mr. Anh, a businessman, buys a machine to produce tires is classified under

a. Consumer spending b. Government spending

c. lnvestment spending d. Net exports of goods and services

32. Countries with a higher GDP per capita have stronger economies, while countries with lower GDP
per
capita have productive resources

a. goods & services produced b. others do not C. per person d. weaker economies

33. High levels of GDP per capita indicates -

a. unemployment b. Higher standard of living c. Inflation d. recesslon

34. If GDP Is $300 milllon and the populatlon is 10 milllon, what is the GDP per capita?

a. $3,000 b. $300 c. $30 d. $5

35. What is the real GDP per caplta of an eeonomy that has 20 people and real GDP of $1,000,000?

a. $20.000 b. $50,000 c. $100,000 d. $20,000,000