Potential GDP is also referred to as
A) full-employment GDP. B) politico-economic GDP.
C) realized GDP. D) balanced-budget GDP.
A
Economics
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If the demand elasticity for corn in the current marketing is -0.5 and you know that the demand curve is linear and it goes through 10 billion bushels at a price of $5.00 per bushel, then if production turns out to be 12 billion bushels, the price of corn will be
A. $3.00 B. $4.00 C. $5.00 D. $6.00
Economics
If the price of calculators increases by 15% and the quantity demanded per week falls by 45% as a result, then the price elasticity of demand is 3
a. True b. False Indicate whether the statement is true or false
Economics