Refer to Table 2.3. Nominal GDP in 2010 is
A) $540.00.
B) $568.00.
C) $671.00.
D) $812.00.
C
You might also like to view...
When considering the socially optimal amount of pollution, the benevolent social planner takes into account any laws regarding pollution
Indicate whether the statement is true or false
Which of the following statements best describes the expected pattern of trade imbalances?
a. The expected pattern of trade imbalances in the world economy has been that low-income economies will run trade surpluses, while middle and high-income economies will run trade deficits. b. The expected pattern of trade imbalances in the world economy has been that low and middle-income economies will run trade surpluses, while high-income economies will run trade deficits. c. The expected pattern of trade imbalances in the world economy has been that high-income economies will run trade surpluses, while low- and middle-income economies will run trade deficits. d. The expected pattern of trade imbalances in the world economy has been that low and high-income economies will run trade surpluses, while middle-income economies will run trade deficits.
If an increase in the price of one good causes the demand curve for another good to shift to the left, then the two goods are:
A. substitutes. B. complements. C. normal. D. unrelated.
To remain on its growth trend, an economy must grow more in an expansion than it fell during a recession.
Answer the following statement true (T) or false (F)