The loss associated with the fact that at the profit-maximizing quantity consumers value the goods more than it cost to produce them is called

Refer to Table 9-11. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?

A) 40.08 B) 100 C) 180 D) 208

The fall of actual GDP below the level of potential GDP is a signal that the economy is in a recession

a. True b. False Indicate whether the statement is true or false