Based on the table "Real and Nominal GDP," if year one is the base year, then the real GDP in year three, is ________
A) 7200
B) 8250
C) 1050
D) 7500
E) none of the above
A
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Refer to Figure 9-2. If the tariff was replaced by a quota which limited rice imports to 16 million pounds, the amount of revenue received by rice importers would equal
A) $19.8 million. B) $16 million. C) $9.6 million. D) $6.4 million.
One key purpose of economic regulation is
A. to force a firm to produce at the point at which marginal cost equals marginal revenue. B. to control the quality of service provided by a monopolist. C. to focus on the impact of production on the environment and society, the working conditions under which goods and services are produced, and sometimes the physical attributes of goods. D. to control the price that regulated enterprises are allowed to charge.
Monetary policy is expected to have its greatest impact on:
A. X n . B. I g . C. C. D. G.
How much is the APS when disposable income is $8 trillion?
