In 2010, the United States had a nominal GDP of $14,958 billion and a real GDP of $13,598 billion, what was the GDP deflator?
a. 100
b. 109
c. 110
d. 111
c. 110
Economics
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A traditional economy is based on
a. government regulation. b. self-sufficiency. c. barter. d. both self-sufficiency and barter.
Economics
Refer to Table 19-18. What is the GDP deflator in 2011 if 2016 is the base year?
A) 187 B) 87 C) 8.7 D) 0.87
Economics
"If gasoline were taxed, the price of gasoline would rise. Consequently, the demand for gasoline would fall, causing the price to fall to the original level." This statement is...
What will be an ideal response?
Economics
It is most difficult for new firms to enter
A. An oligopolistic market. B. A perfectly contestable market. C. A perfectly competitive market. D. A monopolistically competitive market.
Economics