Chapter 7. Creating the National Accounts

EIA Activity: Creating the National Accounts

[Online Document Assignment:]

EIA Activity: Creating the National Accounts

Click on the links on the right to answer the following questions.

  1. Question

    Use Link 1 to answer the following questions. True or False: According to Simon Kuznets, “national income measurements...describe the total activity of the national economy... looking at the size of the final net product.”

    		A.
    		B.

  2. Question

    Types of labor income were classified by:

    		A.
    		B.
    		C.
    		D.

  3. Question

    True or False: Rising price levels caused the contraction of national income after 1929.

    		A.
    		B.

  4. Question

    Use Link 2 to answer the following questions. True or False: The mission of the Commerce Department is to make American businesses more innovative and competitive abroad.

    		A.
    		B.

  5. Question

    True or False: The Commerce Department is comprised of 10 different agencies.

    		A.
    		B.

  6. Question

    Use Link 3 to answer the following questions. True or False: National Accounts are considered to be the mainstay of modern macroeconomic analysis.

    		A.
    		B.

  7. Question

    Discussion Question:

    How have the national accounts helped to reduce the severity of business cycles? Discuss.
    Your response will be graded by your instructor.
    How have the national accounts helped to reduce the severity of business cycles? Discuss.

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