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Author Question: If the nominal gross domestic product (GDP) for the year 2000 was 6.2 trillion and the price index ... (Read 32 times)

altibaby

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If the nominal gross domestic product (GDP) for the year 2000 was 6.2 trillion and the price index was 200, the real gross domestic product (GDP) for 2000 was _____.
 a. 3.1 trillion
 b. 6.2 trillion
 c. 12.4 trillion
  d. 18.6 trillion
  e. 24.3 trillion

Question 2

Marginal revenue product of labor measures the extra revenue generated to the firm from the employment of an additional worker.
 a. True
  b. False
  Indicate whether the statement is true or false



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ecabral0

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Answer to Question 1

a

Answer to Question 2

True




altibaby

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Reply 2 on: Jun 30, 2018
Excellent


T4T

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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