Assume a subsidy to buyers has been enacted in the market in the graph shown. With the subsidy, the buyers buy _____ units and pay _____ for each of them.

The percentage change in per capita real GDP measures economic growth because it takes into account all of the following variables EXCEPT

A) the percentage change in population. B) the percentage change in nominal GDP. C) the percentage change in the quality of life. D) the percentage change in the inflation rates.

For a household in a (c,c') graph, the optimal consumption bundle is

A) to the left of the endowment point. B) to the right of the endowment point. C) on the endowment point. D) dependent on other factors.