If production remains the same and all prices double relative to the base year, then the GDP deflator is:

If the export supply curve and the import demand curve of tomatoes of Luxembourg intersect at the international price level of tomatoes, then Luxembourg will suspend trading tomatoes in the international market

a. True b. False Indicate whether the statement is true or false

Ariana withdrew $400,000 out of her personal savings account and used it to start her new Internet cafe. The savings account pays 3 percent interest per year. During the first year of her business, Ariana sold 2,000 cups of coffee for $2.50 per cup and 4,000 hours of Internet time, also at $2.50 per hour. During the first year, the business made monetary outlays of $9,000 . You may assume that

there is no opportunity cost to Ariana's time. Ariana's accounting profit for the year was a. $-394,000. b. $-6,000. c. $6,000. d. $12,000.