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Author Question: The table above gives the production and prices for a small nation that produces only bread and ... (Read 29 times)

plus1

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  • Posts: 676
on: Jun 29, 2018
The table above gives the production and prices for a small nation that produces only bread and soda. The base year is 2010. What is real GDP in 2010?
 
  A) 530
  B) 1080
  C) 510
  D) 210
  E) 300

Question 2

In the figure, the unregulated market equilibrium occurs at a price of ________ a ton and quantity of ________ tons.
 
  A) 100; 4,000
  B) 150; 2,000
  C) 150; 4,000
  D) 225; 4,000
  E) 100; 2,000


Danny Ewald

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

C

Answer to Question 2

A


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