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Author Question: Nominal GDP is the value of final goods and services A) at the prices of that year. B) at the ... (Read 38 times)

abarnes

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on: Jun 29, 2018
Nominal GDP is the value of final goods and services
 
  A) at the prices of that year.
  B) at the prices of the immediately previous year.
  C) at the prices of a base year.
  D) produced in foreign countries but consumed in the domestic country.

Question 2

A 20 percent increase in the quantity of pizza demanded results from a 10 percent decline in its price. The price elasticity of demand for pizza is
 
  A) 0.5.
  B) 2.0.
  C) 10.0.
  D) 20.0.


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Kimmy

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

A

Answer to Question 2

B


abarnes

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

parshano

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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