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In which graph do we see an increase in the productivity of our resources? Exam 3 four graphs(1).PNG 

If actual GDP is 510 and there is a negative GDP gap of 10, what is potential GDP?

The value of which of the following would be included in U.S. GDP? Check all that apply. 

Last year, a knitter made and sold 50 winter hats for $10 each. This year, the knitter also sold 50 hats but received $12 each. What can we say if this was the only good in the economy?

What is true about net exports?

Given the information in this table, what is national income? Exam 3 What is national income 422.PNG 

What do we know about the relationship between gross output and gross domestic product?

Given the information in this table, what is net domestic product? Exam 3 What is net domestic product 400.PNG 

One year the CPI was 300 and the next year, the CPI was 320. What was the inflation rate in percentage? Indicate to the nearest tenth of a percent (e.g., 10.2). 

Which of the following would be considered frictional unemployment?