TEST 2b02 - Created by Antonio Ginés

Wealth is the amount of ___ owned by someone
1. The other answers are correct
2. Properties
3. Assets
In the circular flow income, the monetary flow that goes from families to companies ___
1. Are goods and services
2. Are consumption expenses
3. Are wages, rents, dividends, etc.
In the circular flow income, the real flow that goes ___ are goods and services
1. The other answers are correct
2. From the State to families and companies
3. From families and companies to the State
Calculate the GDPfc with this information: C = 2,500; I = 1,100; G = 600; X = 100; M = 80; Ti = 150; Su = 30; Dep = 60; IEC = 200; IEF = 300
1. 4,040
2. 4,220
3. 4,100
___ is the market value of all final goods and services made within the borders of a nation in one year
1. Gross Domestic Income
2. Gross Domestic Product
3. The other answers are correct
GDPmp = Consumption + Gross investment + Government expenditures + (___ - Imports)
1. Exports
2. The other two answers are correct
3. Savings
Gross Domestic Product ___ is equal to the sum of the added value of each stage of production (intermediate stages) by all industries within a country, in the period
1. At factor cost
2. The other answers are correct
3. At market prices
GDPfc = ___ - Ti + Su
1. GNPfc
2. GDPmp
3. NDPfc
NDPfc = GDPfc - ___
1. Ti
2. Su
3. Dep
NNPfc = NDPfc + IEC - ___
1. IEF
2. IEL
3. The other answers are correct
NNPmp = NNPfc + Ti - ___
1. Dep
2. Su
3. Td
On the Lorenz curve, the percentage of income is plotted on the ___ axis
1. X
2. Y
3. Z
A Gini coefficient equal to ___ correspond to perfect equality
1. 0.5
2. 1
3. 0
The background economy ___
1. The other answers are correct
2. It's illegal trade
3. They're the activities that avoid taxes
The ___ is therefore proposed by econogical economists and "green" economists as a proxy for GDP
1. Human Development Index
2. Genuine Progress Indicator
3. Remaining Private Product
The ___ combines monetary wealth with intangible wealth (institution and human capital) and environmental capital
1. Planet Happiness Index
2. Wealth Estimator
3. Remaining Private Product
___ is and index of human well-being and environmental impact, introduced by the New Economic Foundation (NEF), in july 2006. It measures the environmental efficienty with which human well-being is achieved within a given country or group. Human well-being is defined in terms of subjective life satisfaction and life expectancy
1. The Planet Happiness Index
2. The Quality of Life Index
3. The Gross National Happiness Index
The short-term variation of economic growth is classified as the ___
1. Economic cycle
2. The Kondratiev's Wave
3. The Kitchin's Wave
After two decades, with a growth rate of 5% the economy would have grown by ___
1. 80%
2. 165%
3. The other answers are correct
The phases of an economic cycle are: peak, recession, ___, and expansion
1. The other answers are correct
2. Increasing
3. Depression
A depression is ___ severe than a recession
1. More
2. The other answers are correct
3. Less
Average and median wealth have ___ globally
1. Decreased
2. Increased
3. The other answers are correct
The most important sector of the Andalusian economy is the ___
1. Primary
2. Secondary
3. Tertiary
In Andalusia, the industrial sector is ___ than in the rest of Spain
1. Lower
2. Higher
3. The other answers are correct