ECO/372- Principles of Macroeconomics - Final Exam Study Guide 2013

1. The market where business sell goods and services to households and the government is called

a.goods market

b.factor market

c.capital market

d.money market

1. Real gross domestic product is best defined as

a.the market value of intermediate goods and services produced in an economy including exports

b.all goods and services produced in an economy, stated in prices in a given year and multiplied by quantity

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

d.the market value of goods and services produced in an economy stated in current year prices

1. underemployment includes

a.who work off the books to avoid paying taxes

b....