There is only one firm in a small island country. The firm produced 1,000 units of Good X during a particular year out of which it could sell 900. If each unit of the good sells for $500, what is the gross domestic product of the country?
A) $150,000 B) $450,000 C) $40,000 D) $500,000
D
Economics
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A new loan results in an increase in the customer's checking account and the bank's demand deposits
a. true b. false
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?If Joel buys ten floppy disks, which are worth a total of $30 to him, and he pays $1 per disk, his consumer surplus is:
a. ?$24. b. ?$10. c. ?$15. d. ?$30. e. ?$20.
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