GDP is a measure of:

Comment on the following statement. "Monopolistically competitive firms will still produce in the short run even if the demand curve is below their average variable cost curve because the firms still maintain a degree of market power."

What will be an ideal response?

A plot of the Environment Performance Index (EPI) scores for nations on the vertical axis and corresponding GDP per person on the horizontal axis shows that as:

A. GDP rises, EPI score falls B. GDP rises, EPI score rises C. GDP falls, EPI score rises D. GDP falls, EPI score stays relatively constant