Tommy's Teddy Bears incurs $300,000 per year in explicit costs and $50,000 in implicit costs. The shop earns $600,000 in revenues and has $1.1 million in net worth. Based on this information, what is economic profit for Tommy's Teddy Bears?

Refer to the table above. If investment expenditure falls by $10,000 in the next year, ________, all other variables remaining unchanged

A) gross domestic product will fall to $467,000 B) gross domestic product will fall by $10,000 C) gross domestic product will increase by $10,000 D) gross domestic product will increase to $500,000

If there is no Ricardo-Barro effect, an increase in the budget deficit

A) decreases the amount of investment. B) increases the supply of loanable funds. C) lowers the equilibrium real interest rate. D) increases the amount of investment. E) decreases the demand for loanable funds.