Your friend gives you a ticket to a concert as a birthday present. The ticket cost $40. Which of the following represents a possible opportunity cost of attending the concert ?

Even when we have full employment, the unemployment can never reach zero. What is the main reason for this?

A simple economy produces two​ goods, Corn Bread and Computer Games. Price and quantity data are as​ follows:     In Year 2, real GDP is equal to:

Students are allowed to use unauthorized resources during remote exams.

Assuming that inflation has occurred over​ time, what is the relationship between nominal GDP and real GDP in years after the base​ year?  

Sunflowers Inc. paid its workers $8 an hour in 2018 and $9 an hour in 2019. The GDP price index was 252 in 2018 and 257 in 2019. Calculate the real wage rate in each year. Round to two decimals.   The real wage rate in 2018 was $ The real wage rate in 2019 was $

The table shows an economy’s total production and the prices of the final goods it produced in 2016 and 2018.   The base year is 2016. Calculate real GDP in 2016.   Real GDP in 2016 is $

In the Candyland nation, 18,000 are employed, 2,000 are unemployed, and 5,000 are not in the labor force.   What is the unemployment rate?

In terms of calculating GDP, which of the following is a final good, and which is an intermediate good? A            is a final good and            is an intermediate good.    

In terms of calculating GDP, which of the following is a final good, and which is an intermediate good? A            is a final good and            is an intermediate good.