Author Question: The prime rate is the interest rate at which banks can borrow from the Fed. Indicate whether the ... (Read 72 times)

cagreen833 · **on:** Jun 30, 2018

The prime rate is the interest rate at which banks can borrow from the Fed.

Indicate whether the statement is true or false

Question 2

The base year is 2011. A country only produces Blu-ray players. The price of a Blu-ray player in 2011 was 100. The price of a Blu-ray player was 90 in 2012.

The quantity of Blu-ray players produced in 2011 was 10,000 units and in 2012 was 10,500 units. Nominal GDP in 2012 equals
A) 945,000.
B) 1,000,000.
C) 1,050,000.
D) 900,000.
E) an amount that cannot be determined without information about nominal GDP in 2008.