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Author Question: Classical growth theory asserts that A) growth in real GDP per person is temporary. B) only some ... (Read 193 times)

kellyjaisingh

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on: Jun 29, 2018
Classical growth theory asserts that
 
  A) growth in real GDP per person is temporary.
  B) only some countries can have economic growth.
  C) real GDP growth will eventually be a constant 3 percent per year.
  D) nominal GDP growth is most important.

Question 2

Nick can purchase each milkshake for 2. For the first milkshake purchased Nick is willing to pay 4, for the second milkshake 3, for the third milkshake 2 and for the fourth milkshake 1.
 
  What is the value of Nick's consumer surplus for the milkshakes he buys? A) 2
  B) 9
  C) 3
  D) 10


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eliasc0401

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


kellyjaisingh

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Reply #2 on: Jun 29, 2018
Thank you


eliasc0401

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Reply #3 on: Jun 29, 2018
No problemo


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