If real GDP in a small country in 2015 is $8 billion and real GDP in the same country in 2016 is $8.3 billion, the growth rate of real GDP between 2015 and 2016

The effect of a decrease in the price of personal computers, other things constant, is likely to be best represented by which of the following?

a. a leftward shift of the demand curve b. a movement leftward along the demand curve c. a rightward shift of the demand curve d. a movement rightward along the demand curve e. a rightward shift of the supply curve

In response to a price change for good Y, if the cross-elasticity of demand for good Y is negative, good X and good Y are substitutes

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