Explain why a relative price is an opportunity cost. The money price of a kilogram of bananas is $0.40 and the money price of a
Explain why a relative price is an opportunity cost. The money price of a kilogram of bananas is $0.40 and the money price of a pack of frozen waffles is $2.00. The opportunity cost of a pack of frozen waffles is O A. $0.40, the money price of a kilogram of bananas O B. $2.00, the price of a pack of frozen waffles O C. 0.20 packs of frozen waffles O D. 5.00 kilograms of bananas, which is the relative price of a pack of frozen wafflesChoose the correct statement. O A. Real GDP per person is real GDP divided by the population. O B. Real GDP never shrinks. O C. Real GDP per person grows at a constant rate. O D. Real GDP per person in Canada in 2016 was four times larger than in 1961.How do we make comparisons of real GDP between two countries? To make comparisons of real GDP between two countries we must O A. find two countries that have similar amounts of household production O B. convert the real GDP of one country into the same currency units as the real GDP of the other country, and use the same prices to value the goods and services in the countries being compared O C. find two countries that do not have large underground economies O D. find two countries that have similar inflation rates, otherwise the comparison will not be accurate
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