Refer to the scenario above. What is the nominal GDP of the economy in 2013?
A) $55,000 B) $50,400 C) $47,000 D) $50,000
B
Economics
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A higher saving rate will promote capital deepening
Indicate whether the statement is true or false
Economics
If the MU of half gallon of milk is $3.50 and the MU of gallon of milk is $3.25, and they both sell for the same price, we would expect consumers to
a. increase their purchases of gallons of milk. b. increase their purchases of half gallons of milk. c. not change their purchasing habits. d. buy only gallons of milk.
Economics