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

Author Question: The cyclically adjusted budget deficit calculates the budget surplus or deficit at A) potential ... (Read 219 times)

rayancarla1

  • Hero Member
  • *****
  • Posts: 571
on: Jun 29, 2018
The cyclically adjusted budget deficit calculates the budget surplus or deficit at
 
  A) potential GDP. B) average GDP. C) real GDP. D) nominal GDP.

Question 2

When the price of a good rises from 5 to 7 a unit, the quantity supplied increases from 110 to 130 units a day. The price elasticity of supply is _______. The supply of the good is _______.
 
  A. 60; elastic
  B. 10; elastic
  C. 0.5; inelastic
  D. 2; inelastic


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C The price elasticity of supply equals (20/120)(2/6), which is 0.5; the price elasticity of supply is less than 1.0, so the supply is inelastic.


rayancarla1

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: Jun 29, 2018
Thank you


mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Energy budget for a temperate deciduous forest (data from Gosz et al. 1978). Energy budget for a temperate deciduous forest (data from Gosz et al. 1978).
Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
Street Drugs and Their Potential Effects During Pregnancy Street Drugs and Their Potential Effects During Pregnancy
Phases of the myocardial action potential. Ion movements during each phase are shown. Phases of the myocardial action potential. Ion movements during each phase are shown.
Synaptic transmission. (a) Action potential reaches synapse; (b) neurotransmitter released synaptic ... Synaptic transmission. (a) Action potential reaches synapse; (b) neurotransmitter released synaptic ...
Action Potential Membrane Potential Action Potential Membrane Potential
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library