Suppose a market basket of goods and services costs $1,000 in the base year and the consumer price index (CPI) is currently 110 . This indicates the price of the market basket of goods and services is now:

A perfectly competitive firm is so small relative to the size of the market that the firm's decision about how much to produce:

a. has a significant effect on market price. b. has a significant effect on market supply. c. has no effect on market price. d. has no effect on the market demand.

Refer to the table. If the amounts of GDP supplied at the price levels shown (in descending order) are $45, $43, $40, $37, and $31, the equilibrium level of real GDP will be:

Answer the question on the basis of the following table for a particular country in which C is
consumption expenditures, I g is gross investment expenditures, G is government expenditures,
X is exports, and M is imports. All figures are in billions of dollars. Each question is
independent of other question using the same table, unless otherwise stated.

A.  $37 billion.
B.  $35 billion.
C.  $26 billion.
D.  $43 billion.