This year an economy produced 3,700 coats, 3,000 shoes and 2,000 socks. The price of coats was €50, the price of socks was €3.50 and the price of shoes was €70. In the base year, prices were 10% lower. Nominal GDP was:

Given the graph, the quantity that would be associated with the price of $1 in a demand table would be:

A. 6. B. 5. C. 4. D. 3.

Recall the Application about how worldwide trade has affected the U.S. auto industry to answer the following question(s). According to this Application, over the past few years there has been a ________ increase in ________ of automobile parts from outside the United States and Canada.

A. small; imports B. large; imports C. small; exports D. large; exports