Author Question: Refer to Table 8-15. Consider the following data on nominal GDP and real GDP (values are in billions ... (Read 23 times)

DelorasTo · **on:** Jun 29, 2018

Refer to Table 8-15. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 2015 equals

A) 94.1. B) 105.1. C) 106.2. D) 108.5.

Question 2

Refer to Table 2-2. Assume Billie's Bedroom Shop only produces pillows and blankets. A combination of 9 pillows and 21 blankets would appear

A) along Billie's production possibilities frontier.
B) inside Billie's production possibilities frontier.
C) outside Billie's production possibilities frontier.
D) at the vertical intercept of Billie's production possibilities frontier.