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Author Question: In one year, a firm increases its production by 9 million and increases sales by 8 million. All ... (Read 122 times)

nevelica

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In one year, a firm increases its production by 9 million and increases sales by 8 million. All other things in the economy remaining the same, which of the following is true?
 
  A) GDP increases by 8 million and inventory investment decreases by 1 million.
  B) GDP increases by 9 million and inventory investment increases by 1 million.
  C) Inventory investment decreases by 1 million.
  D) GDP increases by 8 million and investment increases by 1 million.
  E) GDP increases by 17 million.

Question 2

Suppose in Italy producers can make 10,000 dresses or 1,000 coats per day, while in Canada producers can make 14,000 similar dresses or 2,000 similar coats per day. Therefore
 
  A) 1 dress costs 7 coats in Italy.
  B) 1 dress costs 10 coats in Italy.
  C) 1 coat costs 7 dresses in Canada.
  D) 1 coat costs 10 dresses in Canada.



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Joy Chen

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Answer to Question 1

B

Answer to Question 2

C




nevelica

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


jojobee318

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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