Nominal gross domestic product (GDP) is measured in terms of the ...

[ec501234]

Nominal gross domestic product (GDP) is measured in terms of the _____.
 a. current-year prices
 b. base-year prices
 c. export of goods and services
  d. amount of taxes collected
 e. hours of employment

Question 2

A monopsonist can pick the ____, while a monopolist can pick ____.
 a. the price it will charge; the wage it will pay
  b. the wage it will pay; the price it will charge
  c. the market price for its output; the quantity it will produce
  d. marginal product of labor; the marginal cost of labor
  e. number of competitors; the number of buyers

[debra928]

Answer to Question 1

a

Answer to Question 2

b

[ec501234]

Thanks for the timely response, appreciate it

[FergA]

Excellent