Table 2.1
2012 2013
Quantity Price Quantity Price
Table 2.1 gives quantities and prices for each good produced in a simple economy in 2012 and 2013.
-Refer to Figure 2.1GDP in 2012 is
A) $190.00.
B) $199.50.
C) $215.00.
D) $267.50.
Correct Answer:
Verified
Q13: The _ refers to the production and
Q14: _ is/are the main category of expenditure
Q15: Suppose Chevrolet produced 90 000 Camaros in
Q16: Which of the following is likely to
Q17: _ is national income earned by households
Q19: National income accounting reveals that the value
Q20: Gross domestic product is calculated as the
Q21: If nominal GDP in 2012 was less
Q22: Which of the following could cause nominal
Q23: All of the following are government purchases,except
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents