17. In 2008, U.S. aggregate income increased by roughly $460 billion. Which of the following could possibly account for this increase in aggregate income? (Points : 5)
A reduction in interest of $460 billionA reduction in rent of $460 billionAn increase in depreciation of $460 billionAn increase in profits of $460 billion
18. The value of intermediate goods is: (Points : 5)
included in both GDP and GNP.included in GDP but not GNP.included in GNP but not GDP.excluded from both GDP and GNP.
19. If the price level doubles and real output doesn't change, then nominal output also doubles. (Points : 5)
20. Which of the following is an example of an intermediate product? (Points : 5)
A brand new Toyota PriusA used Ford focusThe rubber used in the tires of a brand new Toyota PriusThe gas pumped into the Ford Focus by its owner