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Author Question: ________ gross domestic product is the value of ________ linked back to the prices of a single year. ... (Read 65 times)

s.tung

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on: Jun 29, 2018
________ gross domestic product is the value of ________ linked back to the prices of a single year.
 
  A) Real; total production
  B) Real; production possibilities
  C) Productivity; the consumer price index
  D) Nominal; total production

Question 2

Suppose a drought increased the price of corn by 25 percent while it decreased the quantity by 50 percent. The price elasticity of demand equals
 
  A) 2.00.
  B) 0.50.
  C) 20.0.
  D) zero.


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Sassygurl126

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

A

Answer to Question 2

A


s.tung

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Reply 2 on: Jun 29, 2018
Gracias!

dyrone

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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