If nominal GDP increased from $4,500 billion in 2010 to $5,000 billion in 2011 and the GDP deflator increased from 100 to 105 over the same time period, what would the 2011 real GDP equal expressed in terms of 2010 dollars?

One impact of a rise in the dollar's value is that

A) imports become cheaper for the U.S. consumer. B) exports will increase sharply. C) U.S. goods will become cheaper overseas. D) U.S. goods are cheaper domestically.

Workers in one country are more productive than workers in another country because

A. they have fewer complementary factors to work with. B. they have more complementary factors to work with. C. they are better motivated and paid.