1. The primary policy goals of the United States are
A. a rapid economic growth? rate, low unemployment and price stability.
B. sustainable economic? growth, low unemployment and price stability.
C. a rapid economic? growth, zero unemployment and zero inflation.
D. sustainable economic? growth, zero unemployment and price stability
2. Which of the following is a true statement about real and nominal? GDP?
A. If nominal GDP increases from one year to the? next, we know that production of goods and services has risen.
B. If real GDP increases from one year to the? next, we know that production of goods and services has risen.
C. Increases in average prices do not affect the calculation of nominal GDP.
D. Nominal GDP is a better measure than real GDP in comparing changes in the production of goods and service year after year.
3. Which of the following is included in both the U.S. GDP and U.S.? GNP?
A. the value of all cars produced by Nissan in Japan and the U.S.
B. the value of all cars produced by Ford in Mexico
C. the value of all cars produced by General Motors in the U.S.
D. the value of all cars produced by Toyota in the U.S.