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Author Question: If real GDP for Mexico was 19.8 trillion pesos at the end of 1999 and 21.3 trillion pesos at the end ... (Read 89 times)

student77

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on: Jun 30, 2018
If real GDP for Mexico was 19.8 trillion pesos at the end of 1999 and 21.3 trillion pesos at the end of 2000 . then Mexico's economy grew at an annual rate of _____.
 a. -0.015
  b. 4.4
  c. 4.2
  d. 7.57
  e. 3.8

Question 2

Good A has an income elasticity equal to 1.0 and a cross price elasticity with respect to Good B of -0.6 . Then:
 a. Good A is an inferior good and Goods A and B are substitutes.
  b. Good A is an inferior good and Goods A and B are complements.
  c. Good A is a normal good and Goods A and B are substitutes.
 d. Good A is a normal good and Goods A and B are complements.


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Dnite

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


student77

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Reply 2 on: Jun 30, 2018
:D TYSM

Missbam101

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Reply 3 on: Yesterday
Gracias!

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