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Author Question: Refer to the figure above. How many units of Good Y will be supplied if the market is free? A) 9 ... (Read 34 times)

Destiiny22

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on: Jun 29, 2018
Refer to the figure above. How many units of Good Y will be supplied if the market is free?
 
  A) 9 million
  B) 16 million
  C) 13 million
  D) 20 million

Question 2

Kelly's Surf Shop orders 5,000 new surf boards at the beginning of the year but only sells 4,500 by the end of the year. How are the 500 unsold surfboards accounted for in Gross Domestic Product?
 
  A) They will be included in the nondurable consumption category of GDP.
  B) They will be included in the residential investment category of GDP.
  C) They will be included in the government spending category of GDP.
  D) They will be included in the inventory investment category of GDP.
  E) They will be included in the durable consumption category of GDP.


Moriaki

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

C

Answer to Question 2

D


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Destiiny22

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Reply #2 on: Jun 29, 2018
Thank you :)


Moriaki

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Reply #3 on: Jun 29, 2018
Happy to help you


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