Which of the following is correct if real GDP is $20 trillion and spending is $20.5 trillion?
What will be an ideal response?
Inventories decrease by 0.5 trillion.
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If the exchange rate has been $1.50 per British pound but now falls to $1.25 per British pound, there will be
a. more U.S. imports from Great Britain because the price of pounds has fallen b. more exports to Great Britain because the price of pounds has risen c. fewer exports to Great Britain because the price of the pound has risen d. more U.S. exports to Great Britain since the price of the dollar has fallen e. no change in either exports or imports
Which of the following is NOT an example of technological progress?
A. builders constructing a new office building that uses less energy B. an increase in Florida's orange crop resulting from a mild winter C. the invention of wireless internet access D. the development of bluetooth headsets
Explain exchange rate crisis
What will be an ideal response?
Refer to the information provided in Table 8.5 below to answer the question(s) that follow. Table 8.5Number of SwordsTVCMCAVCTFCTCAFCATC0???? 50??1?25?????2??????47.503??23.33????4????150??5135??????Refer to Table 8.5. If Phoebe produces zero swords, her total fixed costs are
A. $0. B. $25. C. $50. D. indeterminate from this information.