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 205 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?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

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?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

An Action Potential An Action Potential
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.
Ion channels in myocardial cells: (a) resting state before action potential (all channel gates ... Ion channels in myocardial cells: (a) resting state before action potential (all channel gates ...
Movement of Sodium and Potassium Ions During the Action Potential Movement of Sodium and Potassium Ions During the Action Potential
The voltage-gated channel cycles during an action potential The voltage-gated channel cycles during an action potential
The phases of the action potential The phases of the action potential
Video: Introduction to Autism

For a complete list of videos, visit our video library