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Author Question: To calculate GDP using the expenditure approach, in part it is necessary to add exports and subtract ... (Read 32 times)

serike

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  • Posts: 542
on: Jun 29, 2018
To calculate GDP using the expenditure approach, in part it is necessary to add exports and subtract imports.
 
  Indicate whether the statement is true or false

Question 2

The above figure illustrates Mary's production possibilities frontier. If Mary wants to move from point d to point c, she must
 
  A) improve technology.
  B) increase her accumulation of capital.
  C) give up some of good X in order to obtain more of good Y.
  D) give up some of good Y in order to obtain more of good X.


durant1234

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  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


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