Classical growth theory asserts that A) growth in real GDP per ...

[kellyjaisingh]

Classical growth theory asserts that
 
  A) growth in real GDP per person is temporary.
  B) only some countries can have economic growth.
  C) real GDP growth will eventually be a constant 3 percent per year.
  D) nominal GDP growth is most important.

Question 2

Nick can purchase each milkshake for 2. For the first milkshake purchased Nick is willing to pay 4, for the second milkshake 3, for the third milkshake 2 and for the fourth milkshake 1.
 
  What is the value of Nick's consumer surplus for the milkshakes he buys? A) 2
  B) 9
  C) 3
  D) 10

[eliasc0401]

Answer to Question 1

A

Answer to Question 2

C

[kellyjaisingh]

Thank you

[eliasc0401]

No problemo