Use the following to answer questions :
Table: Lemonade and Cookies
-(Table: Lemonade and Cookies) Look at the table Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. If 2013 is the base year, real GDP in 2014 was:
A) $400.
B) $420.
C) $425.
D) $445.
Correct Answer:
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Q135: A country's GNP:
A) must be larger than
Q156: If real GDP rises while nominal GDP
Q158: The most important use of GDP is
Q159: In 2013, _ spending was the largest
Q160: Use the following to answer questions :
Table:
Q162: Use the following to answer questions :
Q163: Suppose that nominal GDP is $1,000 in
Q164: Use the following to answer questions :
Table:
Q165: Use the following to answer questions :
Q165: Consider an economy that produces only DVDs
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