If the elasticity of demand is -2.3 when calculated using the point elasticity method and -3.4 using the arc elasticity method, then

A) you should use the point elasticity.
B) it is OK to use either one.
C) there must be a mistake in the calculations.
D) you should use the arc elasticity.

B

Economics

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Since 1970, real GDP ___ in most years.

A. fell B. stayed the same C. rose

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Suppose we have an economy in which G = 1100, t = 0.26, Y = 3800, and YN = 4000. At Y the cyclical deficit is

A) 60. B) 112. C) -172. D) -52. E) 52.

Economics