Bob's Barber Shop cut 3,000 heads of hair in 2016 and 3,100 in 2017. The price of a haircut was $7 in 2016 and $8 in 2017. If 2016 is the base year, what was Bob's contribution to real GDP in 2016?

A variable that the Federal Reserve focuses on because it has a direct link to the variables the Fed is ultimately concerned about is known as a(n)

a. median target. b. short-term target. c. immediate target. d. intermediate target.

A merger between the Ford Motor Company and General Motors would be an example of a

A) vertical merger. B) horizontal merger. C) conglomerate merger. D) trust.