Is gdp adjusted for changes in prices
What will be an ideal response?
real gdp
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Suppose the demand curve for movie tickets has unitary price elasticity and the supply curve is perfectly price elastic
If 3 million tickets are currently sold at a price of $5, approximately how much tax revenue could the government generate from a $1 specific tax? A) $18 million B) $3 million C) $2.5 million D) $1.5 million
Within the financial services industry, which of the following is an example of a financial institution?
A. Pension funds B. Thrifts C. Insurance companies D. All of these
Under a system of fixed exchange rates, what happens if a country's currency is undervalued?
A. The exchange rate falls. B. The currency depreciates. C. The central bank loses official reserve assets. D. The central bank gains official reserve assets.
U.S. producers decide to produce more compact cars and fewer SUVs as the price of gasoline rises. Producers are answering the ________ part of one of the two big economic questions
A) "what" B) "how" C) "when" D) "how many"