If nominal GDP exceeds real GDP for a specific year, then the GDP deflator must be
A) greater than 100. B) less than 100. C) equal to 100. D) less than 0.
A
Economics
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Under free trade and comparative advantage, the home country:
a. will see only benefits for its resources. b. will see only losses for its resources. c. will see winners and losers within its economy. d. will be convinced that trade is not beneficial.
Economics
The president of a toy company asks you for advice about whether the company should cut the price of its best-selling doll this year based on the following information: last year the company cut the price of its best-selling doll by 10% and the total
revenues from doll sales increased by 10%. Please provide the best answer for the statement.
Economics