The International Monetary Fund was established to manage the Bretton Woods System.

Based on the data in the table above, what does GDP equal?

A) $8,900 billion B) $10,200 billion C) $9,800 billion D) $10,400 billion E) $10,000 billion

An economist has estimated that the maintenance of a public park costs $25,000 a year and that the public park generates $30,000 a year in revenue for merchants near the park. From society's point of view, the maintenance of this park is

A. inefficient because the additional revenues generated by the park are so low. B. potentially efficient because no one would be made worse off as a result of maintaining the park. C. potentially efficient because the value of the gains exceed the value of the costs. D. inefficient because everyone in the community pays taxes to support the park, but only the merchants near the park benefit.