In the economy above, real GDP for year 3 is:
A. $512.
B. $428.
C. $480.
D. $691.
C. $480.
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Which of the following statements is correct regarding the Fed? a. Under the Federal Reserve System, there is one Federal Reserve Bank, located in Washington D.C
b. Under the Federal Reserve System, there is one Federal Reserve Bank whose location changes every 14 years. c. Under the Federal Reserve System, there is a Federal Reserve Bank in each Congressional district. d. Under the Federal Reserve System, there is a Federal Reserve Bank in each state. e. Under the Federal Reserve System, there are 12 Federal Reserve banks, one in each of the 12 Federal Reserve districts.
Gross domestic product is the money value of all final goods and services produced in an economy in a year
a. True b. False Indicate whether the statement is true or false
In which case will the transition from short run to long run involve the shortest chronological time?
a. a service that provides temporary secretaries to companies b. an automobile factory c. a farm d. an electric utility
If the CPI was 108.00 in 1942 and is 336.96 today, then $10 in 1942 purchased the same amount of goods and services as
a. $2.57 purchases today. b. $28.89 purchases today. c. $31.20 purchases today. d. $38.89 purchases today.