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

Author Question: Suppose in a given year, GDP was 7,242 billion and the GDP chain price index for that year is 117.5 ... (Read 104 times)

CQXA

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
Suppose in a given year, GDP was 7,242 billion and the GDP chain price index for that year is 117.5 . Real GDP is:
 a. 5,488 billion.
  b. 6,163 billion.
  c. 6,740 billion.
  d. 7,789 billion.

Question 2

Which of the following would cause a rightward shift in the aggregate supply curve?
 a. Larger-than-expected wage increases.
  b. Lower oil prices.
  c. Increased investment spending.
  d. Greater government regulation.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ricroger

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


CQXA

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ... Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ...
NCC MERP Index for categorizing medication errors algorithm. NCC MERP Index for categorizing medication errors algorithm.
NCC MERP Index for categorizing medication errors. NCC MERP Index for categorizing medication errors.
Relationships of DNA to mRNA to polypeptide chain Relationships of DNA to mRNA to polypeptide chain
The Glycemic Index of Commonly Eaten Foods The glycemic index of a variety of foods The Glycemic Index of Commonly Eaten Foods The glycemic index of a variety of foods
Find the derivative by using the chain rule, question 2 Find the derivative by using the chain rule, question 2
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library