In the economic way of thinking, a rise in the real output of final goods and services can be associated with
A) a fall in the price level.
B) a rise in nominal GDP.
C) a rise in the price level.
D) a fall in nominal GDP.
E) any of the above.
E
Economics
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If real GDP was 100 in 2015 and 104.4 in 2016, the growth rate of real GDP between 2015 and 2016 was
A) 2.2 percent. B) 4.4 percent. C) 100 percent. D) 102.2 percent.
Economics
A monopolist is earning an economic profit. At the present output level, MR = $35 and MC = $30 . Which of the following should the firm do to increase profit?
a. raise output and lower price b. do not change price or output c. raise price and raise output d. raise price and lower output e. lower price and lower output
Economics