Gross Domestic Product

Practice Questions

AP Macroeconomics › Gross Domestic Product

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1

Each of the following is included in the gross domestic product EXCEPT _________.

2

Each of the following is included in the gross domestic product EXCEPT _________.

3

Each of the following is included in the gross domestic product EXCEPT _________.

4

Which of these methods is a correct model for GDP?

5

Which of these methods is a correct model for GDP?

6

Which of these methods is a correct model for GDP?

7

In a certain year, nominal gross domestic product grew by 8 percent. The inflation rate was 4 percent. Real gross domestic product for this year was _______.

8

In a certain year, nominal gross domestic product grew by 8 percent. The inflation rate was 4 percent. Real gross domestic product for this year was _______.

9

In a certain year, nominal gross domestic product grew by 8 percent. The inflation rate was 4 percent. Real gross domestic product for this year was _______.

10

Which of the following is NOT a measure of income when using the income approach to calculate GDP?

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