When the value of one currency increases relative to the value of another currency, it has experienced:
A. exchange rate appreciation.
B. interest rate depreciation.
C. net capital inflow.
D. exchange rate depreciation.
Answer: A
Economics
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If marginal utility is negative
A) total utility increases at a decreasing rate. B) the consumer will not consider extra units of the good even if its price is zero. C) the consumer will want to consume the unit only if it is free. D) the consumer likes the commodity, but not as much as he or she once did.
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If a nation's nominal GDP is $3,257 million and its price level is 110, then its real GDP is
A. $2960.9 million. B. $24.67 million. C. $1960.9 million. D. $2467.42 million.
Economics