In the figure above, what can you deduce about the slope of the curve?
What will be an ideal response?
The slope is positive and increasing in size as we move rightward along the curve.
Economics
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A nation's real GDP was $250 billion in 2013 and $265 billion in 2014. Its population was 122 million in 2013 and 125 million in 2014. What is the growth rate of real GDP per capita in 2014?
A. 1.1% B. 2.5% C. 5.0% D. 3.4%
Economics
________ are costs that require a monetary payment.
A. Implicit costs B. Explicit costs C. Accounting costs D. Both Explicit costs and Accounting costs are correct.
Economics