To make the calculation of real GDP more accurate, in 1996 the BEA switched to using

A) base-year prices. B) chain-weighted prices.
C) current prices. D) market prices.

B

Economics

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Refer to Figure 2-9. Carlos Vanya grows tomatoes and strawberries on his land. A portion of his land is more suitable for growing tomatoes and the other portion is better suited for strawberry cultivation

Which of the graphs in Figure 2-3 represent his production possibilities frontier? A) Graph A B) Graph B C) Graph C D) either Graph A or Graph B E) either Graph B or Graph C

Economics

In terms of imports to the colonies, ______ and ______ were the top two trading partners

a. the United Kingdom; Africa b. Southern Europe; the West Indies c. the West Indies; the United Kingdom d. the United kingdom; Southern Europe.

Economics