This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The measure of production that values output using base-year prices is called A) underground GDP. ... (Read 45 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
The measure of production that values output using base-year prices is called
 
  A) underground GDP. B) nominal GDP.
  C) real GDP. D) value-added GDP.

Question 2

What differentiates an increasing-cost industry from a decreasing-cost industry?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

prumorgan

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

An increasing-cost industry is an industry that has external diseconomies of scale. This implies that the long-run industry supply curve is upward sloping. A decreasing-cost industry has external economies of scale. In this type of industry, the long-run industry supply curve is downward sloping.


DyllonKazuo

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
:D TYSM

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

pH vs. moles base added per mole acid pH vs. moles base added per mole acid
Production of monoclonal antibodies Production of monoclonal antibodies
Solar output Solar output
Conventional oil reserves have passed peak production Conventional oil reserves have passed peak production
Cancer cells can move to new locations in the body, a process called metastasis Cancer cells can move to new locations in the body, a process called metastasis
Video: Lipid catabolism - lipolysis and beta oxidation and oxidation of fatty acids

For a complete list of videos, visit our video library