The above table shows some (but not all) national income accounting data for a hypothetical country. According to these data, the value of GDP is ________ billion

If social regulation increases a firm's fixed and variable costs:

a. then both marginal cost and average total cost will increase, and the firm will produce more. b. then both marginal cost and average total cost will increase, and the firm will produce less. c. then both marginal cost and average total cost will decrease, and profits will increase. d. then marginal cost will increase, average total cost will be constant, and price will decline. e. then both price and quantity produced will fall.

Suppose you observe that with a given supply curve, the Peruvian demand for Argentinean pesos steadily decreases. This will most likely mean:

a. the supply of Peruvian nuevos soles has increased on the foreign exchange market. b. the Argentinean peso will appreciate in value relative to the Peruvian nuevo sol. c. the Argentinean peso will depreciate in value relative to the Peruvian nuevo sol. d. the Peruvian demand for Argentinean goods has increased. e. the supply of Argentinean pesos has increased on the foreign exchange market.