Refer to above Table 2-2. The chain-weighted real GDP for year 2 is
A) $14.53.
B) $14.49.
C) $14.44.
D) $16.61.
A
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If the price of automobiles were to decrease substantially, the demand curve for automobiles would most likely
A) shift rightward. B) shift leftward. C) remain unchanged. D) become steeper.
Suppose an economy is in equilibrium. Also suppose that consumer expectations change as the threat of war increases the likelihood of an increase in taxes. This would result in:
a. an increase in equilibrium income. b. no change in equilibrium income. c. a downward shift of the aggregate supply curve. d. a decrease in equilibrium income. e. a change in the slope of the aggregate supply curve.
Local construction projects and military base funding are usually passed through Congress by using ______.
a. vertical equity b. user fees c. rational ignorance d. logrolling
Unemployment caused by an increase in job quits would be classified as
What will be an ideal response?