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 85 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
:D TYSM

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

A single base substitution leading to a single amino acid substitution in the hemoglobin beta chain A single base substitution leading to a single amino acid substitution in the hemoglobin beta chain
Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
To find derivative us the chain rule To find derivative us the chain rule
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 ...
Elongation of the growing polypeptide chain during translation Elongation of the growing polypeptide chain during translation
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Video: Deafness Culture

For a complete list of videos, visit our video library