Refer to the graph below. Which of the following statements is correct on the basis of the information shown?
A.
Real GDP must be deflated in each year after 2000 to determine nominal GDP
B.
Nominal GDP must be inflated in each year since 2000 to determine real GDP
C.
Nominal GDP must be deflated in each year before 2000 to determine real GDP
D.
Nominal GDP must be inflated in each year before 2000 to determine real GDP
D.
Nominal GDP must be inflated in each year before 2000 to determine real GDP
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Whether or not a production process shows economies of scale depends on
A. the number of inputs used. B. technology. C. technology and input prices. D. technology and output prices.
The MPC is
A. .1.
B. .2.
C. .3.
D. .4.
Exports as a function of national income show how exports change with the level of a country's gross national product
a. True b. False Indicate whether the statement is true or false
People who are the most willing to pay high interest rates for loans may have bad credit ratings. This is an example of:
A. moral hazard. B. an experience rating. C. adverse selection. D. a negative spillover.