While using an outward-oriented development strategy, the government in Taiwan did not make any attempt to stimulate exports

A consumer is in equilibrium, that is, a consumer is maximizing her utility when marginal utility and price are equal for each of the goods the consumer purchases

Indicate whether the statement is true or false

Nominal gross domestic product is based on:

a. the existing prices at which final goods and services are actually sold. b. prices of final goods and services adjusted for inflation. c. prices at which intermediate goods are sold. d. none of these.