Consider a closed economy without the government. If the savings rate in the economy is 15% and the aggregate savings is $6,000, the GDP of the economy is:

Prior to the 1980s ________

A) the hourly wage of women exceeded that of their male counterparts B) the employment ratio for women was equal to that of men C) a majority of women were not in the labor force D) the majority of men were not in the labor force

Producer surplus equals

a. Value to buyers - Amount paid by buyers. b. Amount received by sellers - Costs of sellers. c. Value to buyers - Costs of sellers. d. Value to buyers - Amount paid by buyers + Amount received by sellers - Costs of sellers.