Gross Domestic Product measures the market value of all intermediate goods and services produced in the world during a given period, usually a year
Indicate whether the statement is true or false
false
Economics
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The formula for the multiplier can be written as change in
a. Y/change in I. b. I/change in Y. c. Y/change in C. d. Y/change in GDP.
Economics
When a consumer is at the consumer optimum
A) MUa = MUb = MUc = . . . = MUn. B) MUa/Pa = MUb/Pb = MUc/Pc = . . . = MUn/Pn = 1. C) TUa = TUb = TUc = . . . = TUn. D) MUa/Pa = MUb/Pb = MUc/Pc = . . . = MUn/Pn.
Economics