GDP does not account for which of the following activities?

Which item has the largest weight in the CPI basket?

The U.S. economy is experiencing rising output, rising employment, rising incomes and falling unemployment. These conditions best describe a business cycle

Consider the data below (in billions of dollars) for an economy. Gross domestic product for this economy equals:Consumption expenditures$950Investment expenditures$325Government purchases$300Government transfer payments$420Exports$100Imports$150

The GDP deflator in year 2 is 106 using year 1 as a base year. This means that, on average, the price of goods and services is

If a person’s nominal income increases by 5% while the price level increases by 2%, then that person’s real income:

If the consumer price index moves from 104 to 115, the rate of inflation during this period is:

What does the Efficiency Wage Theory propose regarding the relationship between wages and worker productivity?

If the cost of the CPI market basket at current period prices is $280 and the cost of the CPI market basket at base period prices is $315, the CPI is

Gross Domestic Product equals $1.5 trillion. If consumption equals $850 billion, investment equals $420 billion, and government spending equals $380 billion, then: