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Question 2 6 pts Using the information in the table below, fill in the blank. The national debt will from Year 1 to Year 2:
Question 2 6 pts Using the information in the table below, fill in the blank. The national debt will from Year 1 to Year 2: Year Revenues Expenditures National Debt Year 1 100 150 50 Year 2 135 120 O decrease. O remain constant. O increase only if output is below potential output. uestion 3D Question 8 6 pts To calculate GDP: add the quantity of all final goods and services produced in an economy in a year. O add the quantity of all goods and services sold in an economy in a year. O weight the output of each final good and service produced in an economy in a year by its price in that year and then total the result. O weight the output of each good and service produced in an economy in a year by its price in that year and then total the result. Question 9 6 ptsthe graph below representing the market for lattes. Price (per latte) $4.50 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0 200 600 1,000 1.400 1.800 Quantity of lattes (in cups) If the government assesses a tax of $0.75 on each latte, the price the consumer pays for a latte after the tax will: increase from $2 to $2 75 Increase from $2 to $2 50 increase from $2 to $2.25 change, but we cannot determine by how much
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