Household Income in the United States and Ad Curve

Macroeconomics –372 Final1) The largest source of household income in the U.S. is obtained fromB. wages and salaries2) The market where business sell goods and services to households andthe government is called theA. goods market3) Real gross domestic product is best defined asC. the market value of all final goods and services produced in aneconomy, stated in the prices of a given year 4) Underemployment includes peopleB. who are working part time, or not using all their skills at a full-time job5) The Bureau of Economic Analysis is responsible for which of thefollowing?C. Calculating U.S. gross domestic product]6)

The Federal Reserve provides which of the following data?A. Federal funds rate7) Consider if the government instituted a 10 percent income tax surcharge.In terms of the AS/AD model, this change should haveA. shifted the AD curve to the left8) If the depreciation of a country’s currency increases its aggregateexpenditures by 20, the AD curve will Macroeconomics –372 Final1)

The largest source of household income in the U.S. is obtained fromB. wages and salaries2) The market where business sell goods and services to households andthe government is called theA. goods market3) Real gross domestic product is best defined asC. the market value of all final goods and services produced in aneconomy, stated in the prices of a given year 4) Underemployment includes peopleB. who are working part time, or not using all their skills at a full-time job5) The Bureau of Economic Analysis is responsible for which of thefollowing?

C. Calculating U.S. gross domestic product]6) The Federal Reserve provides which of the following data?A. Federal funds rate7) Consider if the government instituted a 10 percent income tax surcharge.In terms of the AS/AD model, this change should haveA. shifted the AD curve to the left8) If the depreciation of a country’s currency increases its aggregateexpenditures by 20, the AD curve will.