The Economic Report of the President is prepared by:
a. the President

b. Congress.
c. the Office of Management and Budget.
d. the Council of Economic Advisers.
e. the Secretary of the Treasury.

d

Economics

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Suppose in 2007, nominal GDP in Clarendon was $12,840 billion and real GDP was $10,560 billion. Calculate the value of the implicit price deflator. Follow the convention of multiplying price indexes by 100.

A. 21.59 B. 82.24 C. 121.59 D. 177.57

Economics

Refer to Scenario 7.2. What is the marginal cost of the 60th earthquake detector?

A) 0 B) 5 1/2 C) 3 D) 5 E) none of the above

Economics