The table above gives the production and prices for a small nation that produces only bread and soda. The base year is 2009. What is nominal GDP in 2009?

A) $410
B) $450
C) $900
D) $550
E) $460


B

Economics

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Why does the GG schedule have a positive slope?

A) The monetary efficiency gain a country gets by joining a fixed exchange rate area falls as its economic integration with the area increases. B) The monetary efficiency gain a country gets by joining a fixed exchange rate area rises as its economic integration with the area decreases. C) The monetary efficiency gain a country gets by joining a fixed exchange rate area rises as its economic integration with the area increases. D) The monetary efficiency gain a country gets by joining a floating exchange rate area rises as its economic integration with the area increases. E) The monetary efficiency gain a country gets by joining a fixed exchange rate area is constant after their integration into the area.

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The aggregate expenditure line is upward sloping since as GDP increases,

A) consumption increases B) investment increases C) government purchases increase D) net exports increase

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A free rider is someone who

A) hops on the bus for free. B) enjoys the flowers I have planted and does not compensate me for them. C) creates a negative externality. D) buys a ticket for a movie.

Economics

If demand increases, the equilibrium price and equilibrium quantity will both fall, everything else being equal

a. True b. False Indicate whether the statement is true or false

Economics