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

Author Question: Nominal GDP is the value of final goods and services A) at the prices of that year. B) at the ... (Read 120 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
Nominal GDP is the value of final goods and services
 
  A) at the prices of that year.
  B) at the prices of the immediately previous year.
  C) at the prices of a base year.
  D) produced in foreign countries but consumed in the domestic country.

Question 2

A 20 percent increase in the quantity of pizza demanded results from a 10 percent decline in its price. The price elasticity of demand for pizza is
 
  A) 0.5.
  B) 2.0.
  C) 10.0.
  D) 20.0.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


abarnes

  • Member
  • Posts: 556
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Language Access Services Language Access Services
For the 2-year-old, encounters with peers provide valuable practice in communication and social ... For the 2-year-old, encounters with peers provide valuable practice in communication and social ...
This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ... This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ...
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
If 25 kg of ice at 0C is combined with 4 kg of steam at 100C, what will be the final ... If 25 kg of ice at 0C is combined with 4 kg of steam at 100C, what will be the final ...
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Video: Interview with an Anorexic Woman (Part 2 of 2)

For a complete list of videos, visit our video library