Using the information in the table above, calculate the value of GDP
A) $185 million
B) $145 million
C) $195 million
D) $140 million
D
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In the automobile insurance market, adverse selection occurs when
A) drivers with greater risks buy a policy with large deductibles. B) drivers with greater risks buy a policy with no deductibles. C) uninsured drivers drive recklessly. D) insured drivers drive recklessly.
Which of the following best describes the impact of the Emissions Trading Scheme in the European Union between 2005 and the late 2000s?
A) Overall greenhouse gas emissions increased. B) Overall greenhouse gas emissions decreased. C) Overall greenhouse gas emissions were totally eliminated. D) Overall greenhouse gas emissions were constant.
A decrease in demand could be caused by a. an increase in price
b. a decrease in the price of a complement. c. a technological advance. d. a decrease in the price of a substitute.
If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125
a. True b. False Indicate whether the statement is true or false