A good that is most likely to be in the producer price index is:

A. passenger cars.
B. gasoline.
C. light trucks.
D. All of these are in the PPI.

Answer: D

Economics

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Refer to the scenario above. How much should he pay for the painting if he thinks that there is a 70% chance that the painting he is buying is original?

A) $50,000 B) $35,000 C) $70,000 D) $15,000

Economics

In 2009 in the United States, consumption expenditure was $9,996 billion, investment was $1,559 billion, government expenditures on goods and services were $2,927 billion, and total exports were $1,492 billion. GDP equaled

A) $12,641 billion. B) $10,120 billion. C) $11,488 billion. D) $14,415 billion. E) some amount, but there is not enough information given to calculate GDP.

Economics