Author Question: If real GDP increases over time, the cost of living will A) always remain constant. B) always ... (Read 86 times)

TVarnum · **on:** Jun 29, 2018

If real GDP increases over time, the cost of living will

A) always remain constant.
B) always decrease.
C) always increase.
D) either remain constant or increase.
E) More information is needed to determine how the cost of living changes.

Question 2

Ann Trepreneur was formerly a landlord, renting her building for 1,200 a month. She now uses her building for her own florist shop. Pick the true statement.

A) The building costs Ann 1,200 per month.
B) Ann incurs no opportunity cost on the building.
C) Ann uses the building as a free good.
D) None of the above is true.