Nominal GDP is $12.1 trillion and real GDP is $11.0 trillion. The GDP price index is
A) 90.1.
B) 121.
C) 1.10.
D) 91.0.
E) 110.
E
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A decrease in the riskiness of corporate bonds will ________ the yield on corporate bonds and ________ the yield on Treasury securities, everything else held constant
A) increase; increase B) decrease; decrease C) increase; decrease D) decrease; increase
Households act as demanders when they demand
a. that corporate executives and government officials be held accountable for their actions b. dividends from the stocks they hold c. interest and capital gains from the bonds they hold d. goods and services from firms and the government e. payment for the goods and services they sell to firms and governments
Block's sells 500 bottles of perfume a month when the price is $7. A huge increase in resource costs causes price to rise to $9 and Block's only manages to sell 460 bottles of perfume. The price elasticity of demand is:
A. 3.0 and elastic. B. 0.33 and elastic. C. 3.0 and inelastic. D. 0.33 and inelastic.
In the United States, which of the following is NOT a generally accepted economic function of government?
A. providing public goods B. promoting competition in the marketplace C. distributing consumer goods D. ensuring economy-wide stability