The value of intermediate goods is:

What is GDP using the table shown? Government Purchases 12 Exports 7 Imports 3 Transfer Payments 8 Investments 5 Consumption 7 Net Foreign Factor Income -3

A ________ is defined as a network of value-creating activities.

Demand is inelastic if:

Refer to the graphs shown. The relevant market is lemons.  Suppose lemon-water became very popular among consumers.  Which graph best models this new preference?

Suppose the marginal cost of taking an economics course is $2500 and the marginal benefit is worth $2600 to you. Following economic reasoning, you should:

Match each scenario/phenomena to the effect that best describes it.

The atmospheric pressure is highest at ___________ and would be lowest at ______ A. The beach at the ocean B. The top of Mount Everest

What would happen to NDP if there were no depreciation?  NDP would:

Suppose there are 150 million people in the labor force and 400 million people in the population.  There are 10 million people who are officially unemployed.  What is the standard unemployment rate?