In macroeconomic analysis, the representative consumer

A) denotes the consumer with the average amount of income.
B) plays the role of a stand-in for all consumers in the economy.
C) is the consumer who bargains with firms for all workers in the economy.
D) is always a misleading fiction.

B

Economics

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In the above figure, what is the amount of the tax per compact disc?

A) $10 B) $20 C) $30 D) $40

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Refer to Table 8-13. Real GDP for Vicuna for 2013 using 2015 as the base year equals

A) $4,620. B) $5,100. C) $5,650. D) $5,850.

Economics