Based on the information in Scenario 1, real GDP in 2016 (in 2015 dollars) in this economy was
A) $830. B) $1,025. C) $1,090. D) $1,345.
B
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The U.S. dollar exchange rate describes the
a. the deficit/surplus situation in the balance of payments. b. the price of a foreign currency in terms of dollars. c. the deficit/surplus situation in the merchandise trade balance. d. future changes in foreign balance of payments. e. none of the above.
A country recently had GDP of $1,200 billion. Its consumption expenditures were $700 billion, its government spent $200 billion, and it had domestic investment of $175 billion. What was the value of this country's net capital outflow? Show your work
Figure 11.1If Figure 11.1 depicts the current situation for a monopolistically competitive firm, then in the long run we expect:
A. the firm to charge a price higher than P1. B. the firm to produce and sell more than Q1. C. the average costs of production to decrease below AC1. D. the firm to charge a price lower than P1.
When the private costs and the social costs are NOT the same, there is a(n)
A. externality. B. monopoly. C. public good. D. internality.