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Review Test Submission_ Chapter 05

Review Test Submission_ Chapter 05

Q Question 1 1 out of 1 points What is a sub-prime mortgage? Question 2 0 out of 1 points The value, at current market prices, of the final goods and services produced during a particular period is: Question 3 1 out of 1 points Consider a bakery that buys flour to bake cakes. Which of the following statements is true? Question 4 1 out of 1 points To best determine whether an economy's output is growing or shrinking, one must keep track of changes in Question 5 1 out of 1 points Economic data that are adjusted for price-level changes are said to be expressed in terms of:

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1.Selected Answer: It is a mortgage loan made to a buyer whose credit or income would not ordinarily qualify for a mortgage loan. 2.gross domestic product. 3.Selected Answer: Only the value of the cake is counted in GDP. 4.Selected Answer: real GDP. 5.Selected Answer: real dollars.