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Author Question: A permanent reduction in net exports leads to A) a less than proportional decrease in real Gross ... (Read 127 times)

tth

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on: Jun 30, 2018
A permanent reduction in net exports leads to
 
  A) a less than proportional decrease in real Gross Domestic Product (GDP).
  B) a more than proportional decrease in real Gross Domestic Product (GDP).
  C) a reduction in taxes, autonomous government spending, and a fall in real Gross Domestic Product (GDP).
  D) a proportional increase in real Gross Domestic Product (GDP).

Question 2

The value of marginal product of the tenth worker hired by a firm is 50. What is the maximum wage that should be paid to the worker?
 
  A) 5 B) 500 C) 50 D) 0.20


johnpizzaz

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


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