An increase in the real interest rate outside of the United States will cause the dollar to ________ relative to other currencies and ________ net exports and real GDP

In making accurate comparisons of GDP across countries, it is important to take differences in ________ into account

A) population size B) family size C) the average age of the population D) all of the above

If the government sets a specific tax and an ad valorem tax so that they raise the same amount of tax revenue, why does the ad valorem tax reduce output less than the specific tax?

What will be an ideal response?