The equilibrium GDP (=Y) in the economy is:
Answer the question on the basis of the following information for a private open economy. The letters Y, C, I g , X, and M stand for GDP, consumption, gross investment, exports, and imports respectively. Figures are in billions of dollars.
A. $200.
B. $245.
C. $320.
D. $350.
D. $350.
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The NAAQS
a. are set using benefit-cost analysis b. are established using a benefit-based decision rule c. achieve efficient levels of abatement for the criteria pollutants d. both (a) and (c) are correct
The number of people living in urban areas fell after the Civil War and then increased as World War I approached
Indicate whether the statement is true or false
Suppose medical research provides evidence that eating bananas provides far greater health benefits than was previously thought. The resulting increase in the demand for bananas
a. increases the marginal product of banana pickers for any given number of banana pickers. b. increases the value of the marginal product of banana pickers for any given number of banana pickers. c. increases the supply of banana pickers. d. All of the above are correct.
Refer to the diagram. Arrows (1) and (2) represent:
A. goods and resources respectively.
B. money incomes and output respectively.
C. output and money incomes respectively.
D. resources and goods respectively.