The above table gives the demand schedule for Billy Bob's BBQ ribs. If the price of a pound of ribs falls from $3 per pound to $1 per pound, what is the change in Billy Bob's total revenue?

Where are the final goods and services produced that are included in Germany's GDP?

A) anywhere, as long as they are produced using German labor B) within Germany C) within Germany but only if they are produced using only German resources D) outside of Germany E) anywhere, as long as they are produced using German resources

When aggregate demand exceeds current production

a. both output and the price level are in equilibrium. b. output is not in equilibrium, but the price level is. c. prices are not in equilibrium, but output is. d. neither output nor the price level is in equilibrium.