ACC 576 TUTOR Great Stories /acc576tutor.com ACC 576 TUTOR Great Stories /acc576tutor.com | Page 38

46. Which one of the following statements regarding periods of
analysis is correct?
47. According to the law of diminishing returns, which one of the
following is correct?
48. In a macroeconomic free-market flow model, which of the
following would be considered leakages?
49. Which of the following forms of economic activity is considered
in macroeconomics, but not in microeconomics?
50. In a macroeconomic free-market flow model, which one of the
following would not be considered an "injection?"
51. Which of the following issues is least likely to be relevant to the
study of macroeconomics?
52. The foreign sector plays a role in a macroeconomic free-market
flow model because of
53. Which of the following sectors is most likely to be relevant in
both microeconomic and macroeconomic models of free-market
flows?
54. Potential GDP is a measure of an economy's ability to produce
goods and services. Which of the following is assumed in estimating
potential GDP?
55. Which of the following graphs shows the maximum
combination of goods and services that can be produced at a given
time, if all available resources are used efficiently?
56. A positive gross domestic product (GDP) gap exists when
57. Gross domestic product (GDP) is a measure of
58. Adjustment from gross national product (GNP) to net national
product (NNP) would require which one of the following?