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Match the concepts in Column A to the definitions in Column B

Match the concepts in Column A to the definitions in Column B

ECON MACRO
ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.3P
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Match the concepts in Column A to the definitions in Column B

Column A Column B 1. The year in which real and nominal values are a. A negative (subtracted) item in GDP equal b. A major cause of 2. Purchases of computer difference between GDP software and NI 3. Consumption of fixed capital (depreciation) c. An imputed value 4. Unpaid household production d. An entity in the government sector e. Reflects the prices of all goods and services counted in GDP 5. GDP deflator f. Base year 6. National income g. An assumption of the 7. Spending on imported traditional macro model cheese h. Something not counted ir8. A measure that seeks to by the BEA in calculating remove the effects of price changes 9. Uses a fixed “market GDP i. Rea! GDP basket" j. A component of the "income approach" to GDP accounting 10. What homeowners "pay" themselves in rent k. A constant-weight price 11. “Governments do not produce" index 1. Part of business investment (gross private 12. A state university domestic investment)
Transcribed Image Text:Column A Column B 1. The year in which real and nominal values are a. A negative (subtracted) item in GDP equal b. A major cause of 2. Purchases of computer difference between GDP software and NI 3. Consumption of fixed capital (depreciation) c. An imputed value 4. Unpaid household production d. An entity in the government sector e. Reflects the prices of all goods and services counted in GDP 5. GDP deflator f. Base year 6. National income g. An assumption of the 7. Spending on imported traditional macro model cheese h. Something not counted ir8. A measure that seeks to by the BEA in calculating remove the effects of price changes 9. Uses a fixed “market GDP i. Rea! GDP basket" j. A component of the "income approach" to GDP accounting 10. What homeowners "pay" themselves in rent k. A constant-weight price 11. “Governments do not produce" index 1. Part of business investment (gross private 12. A state university domestic investment)
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