If Year 1 is the base year, the real GDP of Year 2 is
A) $800.
B) $1050.
C) $1900.
D) $2400.
C
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A catering company is producing at a point where its marginal costs are $25 and its fixed costs are $5000 . At the current price of $10 it is producing 50 meals. If the demand goes up, such that they can now charge $20 per meal, how much should the firm now produce?
a. 60 meals b. 70 meals c. 80 meals d. None, they should shut down
The shorter the period of time being considered, the less rapidly will diminishing marginal utility set in
a. True b. False Indicate whether the statement is true or false
Total expenditure by a buyer is equal to the
a. slope at any point along the demand curve. b. price times quantity demanded at any point along the demand curve. c. elasticity times price at any point along the demand curve. d. elasticity times quantity demanded at any point along the demand curve.
When an investor buys a corporate bond, the ________ is a loan to the corporation
A) interest on the bond B) principal of the bond C) bond's dividend payments D) coupon payment