Note: Amounts in billions.Refer to the above table. The equilibrium real GDP is
A. $14 billion.
B. $13 billion.
C. $12 billion.
D. $15 billion.
Answer: A
You might also like to view...
In Figure 1.9, the slope of the line between points L and M is
A. 1.20. B. 0.75. C. 0.80. D. 0.67.
Which of the following is true?
A. Nations achieve high rates of economic growth primarily because of their natural resource endowments. B. Human and physical capital investments are largely irrelevant to economic growth. C. Poor nations grow slowly because they do not have access to modern technology. D. A favorable political environment attracts more investment in human and physical capital.
Which of the following correctly ranks the amounts from largest to smallest?
A. total output, output per person, average labor productivity B. output per person, total output, average labor productivity C. total output, average labor productivity, output per person D. average labor productivity, output per person, total output
Arguments by regulators are often made that predatory pricing, with its attendant temporary price-cutting below costs, is an attempt to eliminate rivals with the intent of raising prices after the competition has left
Critically evaluate this argument.