Refer to the figure above. The region PCCAF shows the ________ ...

[folubunmi]

Refer to the figure above. The region PCCAF shows the ________ after the imposition of the price ceiling.
 
  A) government revenue
  B) consumer surplus
  C) producer surplus
  D) deadweight loss

Question 2

Gross Domestic Product measures the
 
  A) quantity of the goods and services produced in a given year, listed item by item, within a country.
  B) income of the business sector within a country.
  C) market value of the final goods and services produced in a given year within a country.
  D) measures the market value of the domestic labor in a given year within a country.
  E) market value of the final goods and services consumed by households in a given year within a country.

[T4T]

Answer to Question 1

B

Answer to Question 2

C

[folubunmi]

Thanks for the timely response, appreciate it

[tandmlomax84]

Excellent