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

Author Question: The GDP price index equals i. nominal GDP divided by real GDP multiplied by 100. ii. a measure ... (Read 107 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
The GDP price index equals
 
  i. nominal GDP divided by real GDP multiplied by 100.
  ii. a measure of the price level.
  iii. an average of current prices expressed as a percentage of base-year prices.
  A) i, ii, and iii B) iii only C) ii and iii D) i only E) i and ii

Question 2

The table above shows a nation's production possibilities frontier. If the nation wants to produce 4 robots and 34 pizzas,
 
  A) the nation will be producing inefficiently.
  B) the opportunity cost is 9 pizzas.
  C) it will shift the production possibilities frontier.
  D) it will be unable to do so because the production point is unattainable.
  E) the nation will then be producing at a production efficient point.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


saliriagwu

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
Wow, this really help

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Example of CPT conventions in the Index. Example of CPT conventions in the Index.
A goniometer is used to measure range of motion of the patient’s arm. A goniometer is used to measure range of motion of the patient’s arm.
NCC MERP Index for categorizing medication errors. NCC MERP Index for categorizing medication errors.
Metric System: Measure of Weight and Volume Metric System: Measure of Weight and Volume
Psychologists measure basic memory capacity Psychologists measure basic memory capacity
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Video: Pneumonia Animation

For a complete list of videos, visit our video library