Under the Bretton Woods exchange rate system, the U.S. government agreed to buy or sell gold at a fixed price of ________ per ounce

Assume that an economy has 1500 workers, each working 2000 hours per year. If the average real output per worker-hour is $20, then total output or real GDP will be:

A.  $3 million B.  $30 million C.  $45 million D.  $60 million

Refer to the information provided in Figure 1.5 below to answer the question(s) that follow. Figure 1.5Refer to Figure 1.5. Which of the Panels shows a curve or line that has a slope that is positive and increasing?

A. A B. B C. C D. D