If real gross domestic product (GDP) for a particular year is 5 ...

[RRMR]

If real gross domestic product (GDP) for a particular year is 5 trillion and the GDP price index for that year is 136, the nominal gross domestic product (GDP) for that year is _____.
 a. 3.7 trillion
  b. 4 trillion
 c. 6.8 trillion
  d. 27 trillion
 e. 68 trillion

Question 2

The MFC curve increases for a monopsonist because:
 a. hiring more workers raises total labor costs.
  b. output price rises as a firm's market power increases.
  c. hiring more workers does not affect wages.
  d. the later workers hired are less productive.
  e. as more workers are hired, all workers receive higher wages.

[leannegxo]

Answer to Question 1

c

Answer to Question 2

e

[RRMR]

Excellent

[parker125]

TYSM