ZappIt Co produces limited edition action figures and is willing to receive $100 per figure. In 2015, the market price for an action figure went up from $125 to $150 . In 2016, the market price for an action figure decreased from $150 to $130 . The producer surplus received by ZappIt Co _____

In calculating gross domestic product, the Bureau of Economic Analysis uses the sum of the market value of final goods and services produced. This means that the BEA

A) values goods at their market prices, multiplies them by the quantity produced, and then adds them up. B) values goods and services at their market prices, multiplies them by the quantity produced, and then adds them up. C) simply counts the total number of goods produced in the market place and then adds them up. D) simply counts the total number of goods and services produced in the marketplace and then adds them up.

Government debt is different from individual debt because

A) the government can always tax to reduce it. B) the government cannot declare bankruptcy. C) the government does not need to pay interest. D) the government can decide the interest rate.