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Author Question: Refer to the scenario above. Using 2013 as the base year, what is the real GDP of the economy in ... (Read 92 times)

stock

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Refer to the scenario above. Using 2013 as the base year, what is the real GDP of the economy in 2012?
 
  A) 50,000 B) 52,500 C) 40,500 D) 49,500

Question 2

Which of the following statements is true?
 
  A) Output is likely to be the same in a command economy and a market economy.
  B) Output is likely to be lower in a market economy than a command economy.
  C) Output is likely to be lower in an economy with extractive institutions than an economy with inclusive institutions.
  D) Output is likely to be the same in an economy with extractive institutions and an economy with inclusive institutions.


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AngeliqueG

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stock

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


cpetit11

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Reply 3 on: Yesterday
Excellent

 

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