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 97 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

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Electron transport chain Electron transport chain
Infant: 4 weeks to 1 year. Infant: 4 weeks to 1 year.
Body Mass Index (IBM) Body Mass Index (IBM)
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Seven students have applied for merit scholarships. This year 3 merit scholarships were ... Seven students have applied for merit scholarships. This year 3 merit scholarships were ...
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library