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

Author Question: In the figure above, with the tariff the United States imports ________ million shirts per year. ... (Read 123 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jun 29, 2018
In the figure above, with the tariff the United States imports ________ million shirts per year.
 
  A) 24
  B) 8
  C) 32
  D) 16

Question 2

Is it possible for nominal GDP to increase while real GDP does not change?
 
  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

KKcool

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

Yes, it is possible for nominal GDP to increase while real GDP does not change. Nominal GDP changes if either prices or production change, while real GDP changes only if production changes. If production does not change while the prices of the goods and services increase, real GDP does not change while nominal GDP increases.


nautica902

  • Member
  • Posts: 591
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Pneumothorax. Figure illustrates how puncture of thoracic wall and tearing of pleural membrane allow Pneumothorax. Figure illustrates how puncture of thoracic wall and tearing of pleural membrane allow
The proportion of obese and extremely obese adults in the United States has increased over the past The proportion of obese and extremely obese adults in the United States has increased over the past
Different types of fog found throughout the United States Different types of fog found throughout the United States
Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ... Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ...
Approximately 40 percent of farmers in the United States are 55 years old or older Approximately 40 percent of farmers in the United States are 55 years old or older
Earth 340 Million Years Ago Earth 340 Million Years Ago
Video: Stretch reflex & Tendon reflex

For a complete list of videos, visit our video library