The above table shows some national income accounting data for a nation. In this nation, gross domestic product is equal to ________ billion

A) $2,000
B) $2,300
C) $2,500
D) $2,800

D

Economics

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The Great Depression of the 1930s, with a large number of workers and factories unemployed, would be represented in a production possibilities frontier graph by

A) a point outside the frontier. B) an intercept on either the vertical or the horizontal axis. C) a point inside the frontier. D) a point on the frontier.

Economics

Suppose all individuals are identical, and their monthly demand for Internet access from a certain leading provider can be represented as p = 5 - (1/2)q where p is price in $ per hour and q is hours per month. The firm faces a constant marginal cost of $1. Profit-maximizing two-part pricing results in the firm selling

A) 4.5 hours. B) 10 hours. C) 5 hours. D) 8 hours.

Economics