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Author Question: Suppose in a given year, GDP was 7,242 billion and the GDP chain price index for that year is 117.5 ... (Read 99 times)

CQXA

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on: Jun 30, 2018
Suppose in a given year, GDP was 7,242 billion and the GDP chain price index for that year is 117.5 . Real GDP is:
 a. 5,488 billion.
  b. 6,163 billion.
  c. 6,740 billion.
  d. 7,789 billion.

Question 2

Which of the following would cause a rightward shift in the aggregate supply curve?
 a. Larger-than-expected wage increases.
  b. Lower oil prices.
  c. Increased investment spending.
  d. Greater government regulation.


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ricroger

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

b

Answer to Question 2

b


CQXA

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

Dominic

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Reply 3 on: Yesterday
Wow, this really help

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