Eco 372 Final

30/30

1) The largest source of household income in the U.S. is obtained from

B. wages and salaries

2) The market where business sell goods and services to households and the government is called the

A. goods market

3) Real gross domestic product is best defined as

C. the market value of all final goods and services produced in an economy, stated in the prices of a given year

4) Underemployment includes people

B. who are working part time, or not using all their skills at a full-time job

5) The Bureau of Economic Analysis is responsible for which of the following?

C. Calculating U.S. gross domestic product]

6) The Federal Reserve provides which of the following data?

A. Federal funds rate

7) Consider if the government instituted a 10 percent income tax surcharge....