If nominal GDP is $14 trillion and real GDP is $12 trillion, the GDP deflator is:

The above table gives the total utility that Homer obtains from consuming various quantities of chocolate chip cookies. The marginal utility from the fifth pound of cookies is

A) 1. B) 2. C) 3. D) 15.

Except for World War II, the U.S. deficits from 2009 to 2012 were the largest deficits in the nation's history relative to GDP, even larger than during the Great Depression

a. True b. False Indicate whether the statement is true or false