If real GDP for 2009 is $6400 billion and nominal GDP for 2010 is $6720 billion (in 2010 dollars), then the growth rate of real GDP is
A) 0%.
B) 0.5%.
C) 5%.
D) unknown based on the given information.
D
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The rate of new entry into an industry is independent of the industry's concentration
Indicate whether the statement is true or false
What happens in the money market when there is an increase in the supply of money?
A) The equilibrium quantity of money increases and the equilibrium interest rate increases. B) The equilibrium quantity of money increases and the equilibrium interest rate decreases. C) The equilibrium quantity of money decreases and the equilibrium interest rate increases. D) The equilibrium quantity of money decreases and the equilibrium interest rate decreases.
An economist would argue that the true cost of a college education exceeds the cost of tuition, housing, and books because of
What will be an ideal response?
How can a warranty at the seller's expense signal that a product is of high quality?
What will be an ideal response?