The table above gives the utility from pens and pencils. The marginal utility derived from the third pen is

Suppose Fiona earns an annual income of $70,000 . If the rate of growth of her income remains constant at 15 percent, she is most likely to earn _____ per year after 2 years

a. $78,987 b. $25,000 c. $10,000 d. $92,575

A consumer buys toys made in China. The value of the toys is included only in the net exports component of GDP

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