QN=70 (17785) In the economy of Wrexington in 2008, nominal GDP was $20 billion and the GDP deflator ratio was 500. What was Wrexington's real GDP in 2008?

Escape from the vicious cycle of poverty usually involves

a. assigning people to specific economic activities b. increasing the percentage of income that is saved c. highly sophisticated technology d. all of the above e. none of the above

Expenditures for attending college can be viewed as an investment in human capital

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