In an open economy, the relationship between GDP (Y) and ...

[aabwk4]

In an open economy, the relationship between GDP (Y) and expenditures is Y = C + I + G.
 
  Indicate whether the statement is true or false

Question 2

Refer to Figure 16-6. With a two-part pricing scheme - a monopoly price for classes and a one-time membership fee - what is the amount of producer surplus Sensei will earn?
 
  A) an amount equal to the area A + B + C + D + H + G
  B) an amount equal to the area A + B + C + D
  C) an amount equal to the area E + F
  D) an amount equal to the area A + C + H

[tmlewis4706]

Answer to Question 1

FALSE

Answer to Question 2

A

[aabwk4]

Great answer, keep it coming

[Kedrick2014]

Thanks for the timely response, appreciate it