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Output per hour of Production and work Consumption without Trade Production with Trade Swords Bells Swords Belts Swords Belts Estonia 5 2 100 40 200
Output per hour of Production and work Consumption without Trade Production with Trade Swords Bells Swords Belts Swords Belts Estonia 5 2 100 40 200 0 Morooco 3 3 60 60 0 1 20 Estonia and Morocco can produce both swords and belts. Each oountry has a total of 40 available labor hours for the production of swords and belts. The table above shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade With trade, what is the total gain in sword production? 0 A. 40 o B. so 0 c. 100 o n. 200 If the absolute value of the tax multiplier equals 1.6, real GDP is $13 trillion, and potential real GDP is $13.4 trillion, then taxes would need to be cut by to restore the economy to potential real GDP. O A. $250 billion 0 B. $400 billion 0 C. $640 billion 0 D. None of the above are correct. Taxes should be increased in this case
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