Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, don't worry about an explanation, the correct answer is all I need. Thank you Question 39 (1 point) an If in a given year

Hello, don't worry about an explanation, the correct answer is all I need. Thank you

image text in transcribedimage text in transcribedimage text in transcribed
Question 39 (1 point) an If in a given year nominal GDP grew by 11% while real GDP grew by 4%, inflation for this year must have been: 0 a) 11% O b) 15% O C) 8% Q d) 7% 0 e) -7% Question 48 (1 point) an The fraction of the last dollar of disposable income which is spent is known in economic circles as the: O a) MPW O bl marginal propensity to save 0 Cl marginal propensity to import 0 dl marginal tax rate 0 e) MPC Question 49 (1 point) an If the price of shoes falls from $100 to $80 and the amount sold increases by 12%, it can be concluded that: O a) the demand for shoes is perfectly elastic O b) the demand for shoes is inelastic O C) the demand for shoes is elastic Q d) the demand for shoes has unit elasticity 0 e) the demand for shoes is perfectly inelastic

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Economics questions