________ gross domestic product is the value of ________ linked ...

[s.tung]

________ gross domestic product is the value of ________ linked back to the prices of a single year.
 
  A) Real; total production
  B) Real; production possibilities
  C) Productivity; the consumer price index
  D) Nominal; total production

Question 2

Suppose a drought increased the price of corn by 25 percent while it decreased the quantity by 50 percent. The price elasticity of demand equals
 
  A) 2.00.
  B) 0.50.
  C) 20.0.
  D) zero.

[Sassygurl126]

Answer to Question 1

A

Answer to Question 2

A

[s.tung]

Thanks for the timely response, appreciate it

[dawsa925]

Great answer, keep it coming