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

Author Question: If real GDP is greater than nominal GDP for a particular year, then A) production must have ... (Read 91 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
If real GDP is greater than nominal GDP for a particular year, then
 
  A) production must have fallen between the current year and the base year.
  B) production must have increased between the current year and the base year.
  C) prices must have fallen between the current year and the base year.
  D) prices must have risen between the current year and the base year.
  E) prices must have fallen between the current year and the immediate past year.

Question 2

People debate whether or not the U.S. should allow for greater oil exploration in Northern Alaska. According to the economic way of thinking, the debate is rooted in
 
  A) different perceptions about the additional benefits and the additional costs of oil exploration in Northern Alaska.
  B) a complete lack of appreciation of the value of wildlife and the ecology of Northern Alaska.
  C) a complete lack of appreciation of the value of oil in world affairs.
  D) politics rather than economics.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jun 29, 2018
Thank you


dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

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?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Microlith production. Microlith production.
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Stem Cell Production Stem Cell Production
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ... Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Production of ABO blood group antigens Production of ABO blood group antigens
Video: Insulin (glucose uptake by body cells), glycogenesis and lipogenesis

For a complete list of videos, visit our video library