a. Nominal GDP is multiple choice 1 determined in the market, whereas real GDP is computed by a government agency. the market or money value of all final goods and services produced by the economy in a given year, whereas real GDP is adjusted for inflation. adjusted for inflation, whereas real GDP is the market or money value of all final goods and services produced by the economy in a given year. the sum of intermediate and final goods and services, whereas real GDP is only the sum of final goods and services. b. In order to compare changes in the standard of living over a series of years, we would use multiple choice 2 marginal GDP. average GDP. nominal GDP. real GDP. c. The GDP price index is multiple choice 3 a measure of nominal GDP adjusted for inflation. a measure of the price of a specified collection of goods and services compared to the average of the prices of a highly similar collection of goods and services for the last 10 years. a measure of the price of a specified collection of goods and services compared to the price of a highly similar collection of goods and services in a reference year. computed for each industry sector. d. Which of the following statements is true

Which plan offers a tax-free education?

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum.should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?

Opportunity cost is calculated by which of the following? a. adding the value of all lost opportunities. b. subtracting all costs from the total benefit. c. calculating the cost of time, energy, and sacrifice. d. finding the value of the best option that is not chosen.