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Author Question: If real GDP in Korea amounted to 448.3 trillion wons in 1999 and 473.7 trillion wons in 2000 . ... (Read 71 times)

student77

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on: Jun 30, 2018
If real GDP in Korea amounted to 448.3 trillion wons in 1999 and 473.7 trillion wons in 2000 . compute the growth experienced by this country in 2000?
 a. 5.4
  b. 5.66
  c. 2.54
  d. -1.05
  e. -9.4

Question 2

Good A has an income elasticity equal to -0.8 and a cross price elasticity with respect to Good B of -0.75 . Then:
 a. Good A is an inferior good and Goods A and B are substitutes.
  b. Good A is an inferior good and Goods A and B are complements.
  c. Good A is a normal good and Goods A and B are substitutes.
 d. Good A is a normal good and Goods A and B are complements.


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itsakadoozi

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

b

Answer to Question 2

b


student77

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

cassie_ragen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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