Which of the following indices best signals future movements in ...

[justinmsk]

Which of the following indices best signals future movements in retail prices?
 
  a. The implicit GDP deflator
  b. nominal GDP
  c. The consumer price index
  d. The producer price index
  e. The measure of economic welfare (MEW)

Question 2

Look at the production schedule below:
 
  Workers 0 1 2 3 4 5
  Output 0 45 80 100 130 165
 
  Which property of a standard production function does it violate?
  A) constant returns to scale
  B) decreasing marginal product of capital
  C) decreasing marginal product of labor
  D) production increasing in labor

[karlss]

Answer to Question 1

D

Answer to Question 2

C

[justinmsk]

Thanks for the timely response, appreciate it

[mammy1697]

YES! Correct, THANKS for helping me on my review