Refer to the scenario above. What is the nominal GDP of the economy in 2012?

A) $47,000 B) $56,000 C) $55,000 D) $49,500

C

Economics

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Improved quality in health care services is partly responsible for increases in health care costs in the United States

Indicate whether the statement is true or false

Economics

A product with qualities that consumers lack the expertise to assess without assistance is called a(n)

A) search good. B) experience good. C) credence good. D) inferior good.

Economics