GNP and GDP are important economic variables, because of their close association to:
a. Economic well-being and the exchange rate.
b. Real interest rates and the nominal exchange rate.
c. Nominal and real interest rates.
d. Nominal interest rates and real exchange rates.
e. Economic well-being and unemployment.
.E
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When a market is in equilibrium:
A. there is either excess demand or excess supply. B. there is neither excess demand nor excess supply. C. both excess demand and excess supply are positive. D. both excess demand and excess supply are positive and equal to each other.
Net interest is the interest paid out by US households and government minus the interest income they received
Indicate whether the statement is true or false
In the graph for the relationship between elasticity of the demand and total revenue, we can see that between five and ten units, ______.
a. total revenue is rising and marginal revenue is positive
b. total revenue is rising and marginal revenue is negative
c. total revenue is falling and marginal revenue is positive
d. total revenue is falling and marginal revenue is negative
Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If one drone is produced, total variable costs are
A. $30. B. $40. C. $50. D. indeterminate from this information.