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Author Question: The GDP price index equals i. nominal GDP divided by real GDP multiplied by 100. ii. a measure ... (Read 86 times)

saliriagwu

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on: Jun 29, 2018
The GDP price index equals
 
  i. nominal GDP divided by real GDP multiplied by 100.
  ii. a measure of the price level.
  iii. an average of current prices expressed as a percentage of base-year prices.
  A) i, ii, and iii B) iii only C) ii and iii D) i only E) i and ii

Question 2

The table above shows a nation's production possibilities frontier. If the nation wants to produce 4 robots and 34 pizzas,
 
  A) the nation will be producing inefficiently.
  B) the opportunity cost is 9 pizzas.
  C) it will shift the production possibilities frontier.
  D) it will be unable to do so because the production point is unattainable.
  E) the nation will then be producing at a production efficient point.


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xMRAZ

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


saliriagwu

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Reply 2 on: Jun 29, 2018
Gracias!

laurnthompson

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Reply 3 on: Yesterday
Excellent

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