Refer to the scenario above. Using 2012 as the base year, what is the real GDP of the economy in 2013?
A) $49,500 B) $55,000 C) $47,000 D) $56,000
D
Economics
You might also like to view...
North Korea has a command economy.
a. true b. false
Economics
Suppose that two soft drink manufacturers, Fizzy Pop and Spritzy Soda, agree to charge the same prices for their soft drinks. This practice is
A) always legal under the antitrust laws. B) legal as long as Herfindahl-Hirschman index is less than 1,000. C) legal as long as the firms had a cost justification for setting prices. D) always illegal under the antitrust laws.
Economics