Refer to Table 19-18. What is nominal GDP in 2016 when 2011 is the base year?

Refer to Table 9-2. In Year 2, if the supply of money measured by M2 was $1,000 billion, then the components of M2 not shown in the table must have totaled

A) less than $250 billion. B) $250 billion. C) $300 billion. D) $450 billion.

The concept of comparative advantage applies:

a. only to people with at least a high school diploma. b. only to people who are currently employed. c. to situations in which you have information about the salary levels of those with whom you are competing for a job. d. to every case of trade or exchange. e. only to goods that are sold in the domestic market.