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Use the following to answer questions:
-(Table: Lemonade and Cookies) Use Table: Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. Nominal GDP in 2014 was:
Q48: Households supply resources in the factor markets.
Q83: (Table: Labour Force Distribution)Use Table: Labour Force
Q92: China,which is labour-abundant,has a comparative advantage in
Q96: Cyclical unemployment:<br>A) rises during a recession.<br>B) falls
Q102: The topics studied in macroeconomics include:<br>A) the
Q104: Following a trough,real GDP increases.
Q107: (Table: Peanut Butter and Jelly Economy)Use Table:
Q170: (Table: The Production Possibilities for Tractors and
Q289: If Jim's income is $80 000 and
Q305: (Table: Peanut Butter and Jelly)Use Table: Peanut