In 2009 in the United States, consumption expenditure was 9,996 billion, investment was 1,559 billion, government expenditures on goods and services were 2,927 billion, and total exports were 1,492 billion. GDP equaled
A) 12,641 billion.
B) 10,120 billion.
C) 11,488 billion.
D) 14,415 billion.
E) some amount, but there is not enough information given to calculate GDP.
Question 2
Suppose it costs a farmer 1.00 to produce 1 unit of corn, 2.10 to produce 2 units of corn, and 3.30 to produce 3 units of corn. What's the average cost of producing 2 units of corn?
A) 1.00
B) 1.05
C) 1.10
D) 2.00
E) 2.10
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