Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, as the economy moves from Point B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,

Price elasticities are calculated for four goods, and the values are: 4.5; 3.7; 1.0; 0.2. Which price elasticity is most elastic?

A) 4.5 B) 3.7 C) 1.0 D) 0.2

Refer to the given data. The size of the negative GDP gap as a percent of potential GDP for the economy is:

Answer the question on the basis of the following information for a specific year in a
hypothetical economy for which Okun's law is applicable:

A.  6 percent.
B.  9 percent.
C.  12 percent.
D.  15 percent.