Assume that a small country produces only green peppers and red peppers. Last year, it produced 100 green peppers and 50 red peppers and sold them at prices of $2 per green pepper and $3 per red pepper
This year, it produced 150 green peppers and 60 red peppers and sold them at prices of $2 per green pepper and $4 per red pepper. What is real GDP this year if the base year is last year?
A) $540 B) $350 C) $890 D) $400 E) $480
Data for 2009 Data for 2010
E
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The first antitrust law in the United States was the
A) FTC Act. B) Clayton Act. C) Sherman Act. D) Robinson-Patman Act.
Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit if output is $15, what is this firm's profit-maximizing level of output? 
A. 60 B. 45 C. 80 D. 0
The majority of payments made by the federal government are for
A. transfer payments. B. administrative expenses. C. foreign aid. D. defense purchases.
The discount rate is the rate that the
A. Treasury pays on savings bonds. B. Fed charges member banks. C. Fed charges on government securities. D. Fed charges the Treasury for sales of securities.