The prices in an economy fell by 1.12 percent during a given financial year. The real GDP of the economy in that year was $4.67 trillion. The value of the GDP deflator of the economy in that year was equal to _____

The gold in Fort Knox backs all U.S. currency

Indicate whether the statement is true or false

The opportunity cost of leisure is approximated by:

a. the price of leisure activities (such as theater tickets). b. an individual's hourly real wage rate. c. commuting expense. d. an individual's total income.