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ECON 2010 Test 1 Ch 7 Questions (Got A+ on the test)

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Department
Economics
Course
ECON 2010
Professor
All Professors
Semester
Fall

Description
Chapter7GDPMeasuringTotalProductionandIncome71GrossDomesticProductMeasuresTotalProduction1In2007AmericanAirlinesexperiencedanincreaseinthedemandforitsservicesandthisfueledrisingprofitsTheseeventswerecausedbyAaneconomicrecessionBaneconomicexpansionCimprovedqualityofserviceDanaggressivemarketingcampaignAnswerBDiff2TypeMCPageRef633213TopicMeasuringTotalProductionSkillFactualObjectiveLO1ExplainhowtotalproductionismeasuredAACSBCodingReflectiveThinkingSpecialFeatureChapterOpenerIncreasesinGDPHelpReviveAmericanAirlines2Duringabusinesscycleexpansiontotalproductionandtotalemployment59Chapter 7 GDP Measuring Total Production and IncomeAincreasesincreasesBdecreasesincreasesCdecreasesdecreasesDincreasesdecreasesAnswerADiff1TypeMCPageRef634214TopicBusinessCycleSkillFactualObjectiveLO1ExplainhowtotalproductionismeasuredAACSBCodingReflectiveThinkingSpecialFeatureNone3MacroeconomicsasopposedtomicroeconomicsincludesthestudyofwhatdeterminesthelevelofAoutputofaspecificfirmBemploymentinaspecificindustryC60 Chapter 7 GDP Measuring Total Production and IncomeoutputofaspecificindustryDemploymentintheeconomyAnswerDDiff1TypeMCPageRef634214TopicMacroeconomicsvsMicroeconomicsSkillFactualObjectiveLO1ExplainhowtotalproductionismeasuredAACSBCodingReflectiveThinkingSpecialFeatureNone4MacroeconomicsasopposedtomicroeconomicsincludesthestudyofwhatdeterminestheAaveragepricesofgoodsandservicesintheeconomyBquantityofDellemployeesCpricechargedforlaptopcomputersbyDellDwagespaidtoemployeesbyDellAnswer61
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