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Author Question: Last year in Candamica, consumption expenditure was 20 billion, interest, rent, and profit were 2.5 ... (Read 17 times)

cmoore54

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Last year in Candamica, consumption expenditure was 20 billion, interest, rent, and profit were 2.5 billion, government expenditure on goods and services was 7 billion,
 
  net exports of goods and services was 5 billion, and investment was 2 billion. Hence total expenditure was
  A) 24.5 billion.
  B) 34.5 billion.
  C) 36.5 billion.
  D) 34 billion.
  E) undetermined without information about imports.

Question 2

The above table shows production points on Sweet-Tooth Land's production possibilities frontier. What is the opportunity cost of one chocolate bar if Sweet-tooth Land moves from point C to point D?
 
  A) 30 cans of cola per chocolate bar
  B) 10 cans of cola per chocolate bar
  C) 3 cans of cola per chocolate bar
  D) 1/3 can of cola per chocolate bar



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Dinolord

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Answer to Question 1

D

Answer to Question 2

C




cmoore54

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


xiazhe

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

 

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