Export promotion has been more successful than import substitution

Suppose that in 2012, real GDP is larger than nominal GDP. The GDP price index in 2012 is definitely

A) less than 100. B) larger than the GDP price index in 2012. C) greater than 100. D) negative. E) less than the GDP price index in 2012.

A rational consumer maximizes utility by allocating time such that the expected net marginal utility of the last hour spent in leisure exceeds the expected net marginal utility of the last hour spent in market work

Indicate whether the statement is true or false