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Author Question: Refer to Table 8-14. Consider the following data on nominal GDP and real GDP (values are in billions ... (Read 21 times)

ARLKQ

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on: Jun 29, 2018
Refer to Table 8-14. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 2016 equals
 
  A) 92.2. B) 102.6. C) 108.5. D) 109.1.

Question 2

An unregulated paint factory that pollutes a river results in ______ and _____ .
 
  A. overproduction; a price that exceeds the marginal benefit from the good
  B. underproduction; a price that equals the marginal benefit from the good
  C. the efficient quantity produced; a marginal benefit equal to the mar-ginal social cost
  D. an inefficient quantity produced; a marginal benefit below the mar-ginal social cost


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cloudre37

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D Figure 9.2 in the textbook shows that answer D is correct.


ARLKQ

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Reply #2 on: Jun 29, 2018
Correct answers!


cloudre37

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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