If real GDP in 2018 (using 2009 prices) is lower than nominal GDP of 2017, then
A) prices in 2018 are lower than prices in 2017.
B) nominal GDP in 2018 equals nominal GDP in 2017.
C) prices in 2018 are higher than prices in 2017.
D) real GDP in 2018 is larger than real GDP in 2017.
Answer: A
Economics
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A legal claim entitling the owner of the claim to fixed annual payments and a lump-sum payment is called a(n)
A) equity share. B) bond. C) stock. D) debit.
Economics
The MB curves in the diagram slope downward because of the law of:
A. conservation of matter and energy.
B. diminishing returns.
C. diminishing marginal utility.
D. increasing cost.
Economics