This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The cyclically adjusted budget deficit calculates the budget surplus or deficit at A) potential ... (Read 142 times)

rayancarla1

  • Hero Member
  • *****
  • Posts: 571
on: Jun 29, 2018
The cyclically adjusted budget deficit calculates the budget surplus or deficit at
 
  A) potential GDP. B) average GDP. C) real GDP. D) nominal GDP.

Question 2

When the price of a good rises from 5 to 7 a unit, the quantity supplied increases from 110 to 130 units a day. The price elasticity of supply is _______. The supply of the good is _______.
 
  A. 60; elastic
  B. 10; elastic
  C. 0.5; inelastic
  D. 2; inelastic


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C The price elasticity of supply equals (20/120)(2/6), which is 0.5; the price elasticity of supply is less than 1.0, so the supply is inelastic.


rayancarla1

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: Jun 29, 2018
Thank you


mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Plant cell water potential. Plant cell water potential.
Central Nervous System Stimulants and Drugs for Attention Deficit/Hyperactivity Disorder and ... Central Nervous System Stimulants and Drugs for Attention Deficit/Hyperactivity Disorder and ...
Canister pressure should be adjusted to 5 PSI below system fuel pressure. An alternative for ... Canister pressure should be adjusted to 5 PSI below system fuel pressure. An alternative for ...
Drugs with a potential for abuse are categorized into schedules Drugs with a potential for abuse are categorized into schedules
Gravitational Potential Energy for the Earth problem Gravitational Potential Energy for the Earth problem
Predicted polypeptide sequences translated from potential ORFs in the human TUBA3C gene Predicted polypeptide sequences translated from potential ORFs in the human TUBA3C gene
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library