When GDP is measured in "current prices" it is known as the
A. nominal GDP.
B. real GDP.
C. real GNP.
D. nominal GNP.
Answer: A
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The combinations of gasoline and coffee along one of Sam's indifference curves are combinations
A) which require the same total expenditure. B) that he can afford with his $60.00 income. C) among which he is "indifferent." D) that give him the same marginal rate of substitution.
The market demand curve shows how the quantity demanded of a product, during a specified time period, changes as the price of that product changes
a. True b. False Indicate whether the statement is true or false
Jessie's demand schedule for candy bars indicates
A. How much she likes candy bars. B. Her opportunity cost of buying candy bars. C. How many candy bars she will actually buy. D. Why she likes candy bars.
What is the present value of $104.25 that you could receive one year from now, given that the rate of interest is 4.25 percent?
A) $108.50 B) $0.00 C) $4.25 D) $100.00