This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Nominal GDP is the value of final goods and services A) at the prices of that year. B) at the ... (Read 107 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


abarnes

  • Member
  • Posts: 556
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Prices for Cotton and for Slaves, 1802–1860 Prices for Cotton and for Slaves, 1802–1860
Compare the Final Code with the Documentation Compare the Final Code with the Documentation
This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ... This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ...
The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ... The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ...
Research that has examined babies' ability to recognize themselves develops in the 2 year Research that has examined babies' ability to recognize themselves develops in the 2 year
What is the concentration of HNO3 in the final solution when 70.0 mL of a 6.00 M HNO3 solution ... What is the concentration of HNO3 in the final solution when 70.0 mL of a 6.00 M HNO3 solution ...
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library