Deficits and Debt Are Often Measured Relative to GDP Because

question 36

Multiple Choice

Deficits and debt are often measured relative to GDP because:

• A)this method always makes them appear smaller.
• B)this method always makes them appear larger.
• C)the government's ability to repay the debt depends on GDP.
• D)the growth in GDP depends on the debt.

Understand the relationship between average total cost, marginal cost, and the pricing strategies of a monopolist.

Understand the relationship between marginal cost and selling price for profit maximization in monopolies.

Identify and describe the condition where a monopolist is producing at a point where price equals average total cost (ATC) and its implications.

Analyze profit maximization strategies and outcomes using diagrams and data.