One year nominal GDP was $286 billion and the price index was 88. Real GDP that year was

The marginal social benefit is the sum of the benefit enjoyed by the consumer of an additional unit of a good or service plus the marginal benefit enjoyed by others

Indicate whether the statement is true or false

Refer to Table 20-17. Looking at the table above, real average hourly earnings between 2015 and 2016 changed by

A) 1.2%. B) 4.5%. C) 9.9%. D) 14.5%.