Of the following items, which has the most inelastic demand?

Refer to the scenario above. The nominal GDP of the country for Year 2 was ________

A) $180,000 B) $174,000 C) $1,920,000 D) $2,510,000

Which of the following is an implicit cost in Jim's business venture?

i. the salary Jim could have earned at another job ii. the interest Jim must pay on the loan he incurred to help open his business iii. the interest Jim lost when he used his savings to help open his business A) i only B) ii only C) iii only D) i and iii E) ii and iii