Refer to the scenario above. The real GDP of the country in Year 1 was ________

If the dollars per pound exchange rate falls, there is a(n)

a. rightward movement along a single supply of pounds curve b. leftward movement along a single supply of pounds curve c. leftward shift of the supply of pounds curve d. rightward shift of the U.S. supply of pounds curve e. tendency for the U.S. supply of pounds curve to become steeper

Which of the following activities would occur in the product market?

a. Harry mows his grass. b. General Motors hires additional workers to run a third shift at the factory. c. Sam pays a speeding ticket. d. Dolly buys a ticket to the ball game. e. Jane bakes a pie for Thanksgiving dinner.