In the base year, the relationship between nominal and real GDP is
a. uncertain.
b. one of equality.
c. real GDP is higher.
d. nominal GDP is higher.
B
Economics
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Refer to Table 17-2. What is the profit-maximizing quantity of labor that the firm should hire?
A) 5 units B) 4 units C) 3 units D) 2 units
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Macroeconomics might study which of the following?
A) the causes of domestic unemployment B) decision making undertaken by firms C) decision making undertaken by households D) determinants of the prices of rare goods (e.g., diamonds)
Economics