When there is inflation, Nominal GDP will increase by ____ than Real GDP, because Nominal GDP ____ the effect of inflation.

When calculating GDP according to the Expenditure Approach, the value of government assistance to needy families ____ included, because these payments are referred to as _____.

  Category Value Compensation to Employees $53 million Investment $12 million Proprietors’ Income $16 million Exports $ 5 million Government Purchases $17 million Net Taxes $11 million Consumption $56 million Imports $7 million Based on the information provided above, Real GDP is calculated as ____, according to the ____ approach.

Proponents of supply-side economics would most likely argue that reducing taxes on _____ will increase real GDP.

Due to robust income growth in Mexico, Mexican consumers demand more goods and services from the United States. As a result, the supply of Mexican Pesos _____, and the Mexican Peso will _____ against the U.S. Dollar.

A​ ______ is a depository institution that accepts savings deposits and makes mostly​ home-purchase loans, and a ______ is a depository institution owned by a social or economic group such as a​ firm’s employees that accepts savings deposits and makes mostly personal loans.

Which of the following is not directly included in GDP calculations?

Which of the following does NOT increase the productivity of labor?

Suppose that The Bahamas has decided to peg its currency to the US Dollar, and that the small island nation experiences an unexpected increase in the demand for its tourism services from abroad. This will lead the demand for Bahamian Dollars to ____, and the Bahamian Central Bank will have to respond by intervening in the foreign exchange market and _____ Bahamian Dollars

In the economy depicted above, the value of Autonomous Spending is ____, and the value of Equilibrium Real GDP is ____.