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 203 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?

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?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Recording the membrane potential of neurons. Recording the membrane potential of neurons.
Researchers must inform potential participants of a study's procedures so that consent may be o Researchers must inform potential participants of a study's procedures so that consent may be o
Changes in membrane potential. Changes in membrane potential.
Canister pressure should be adjusted to 5 PSI below system fuel pressure. An alternative for ... Canister pressure should be adjusted to 5 PSI below system fuel pressure. An alternative for ...
Potential Interactions of Medications, Herbs, Nutrients, and Foods (1 of 2) Potential Interactions of Medications, Herbs, Nutrients, and Foods (1 of 2)
Action Potential Summary Action Potential Summary
Video: B cells and antibodies

For a complete list of videos, visit our video library