Refer to Table 19-18. What is real GDP in 2016, using 2016 as the base year?

A) $28,885 B) $11,790 C) $11,200 D) $10,275

B

Economics

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Which of the following is an example of detrimental externality?

a. A trailer's entry onto an overcrowded road that delays the movement of other vehicles. b. Fall in demand for gasoline in the US softens the price of gasoline in the global market. c. Government investment in energy generation from non-conventional sources. d. Society devotes huge quantity of its scarce resources for vital innovative activity.

Economics

Job search is the process of matching workers with appropriate jobs

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

Economics