Question

1. when real GDP increases, this implies that the production of goods and services has risen.

a. true

b. false

2.

Du 054.28 - TF - MANKOS Save Submit Test for Grading Question 37 of 85 Table 28-11 2015 Labor Data for Tajnia Number of adults employed Number of adults unemployed Number of adults not in the labor force Refer to Table 28-11. The total adult population of Tajnia in 2015 is 30,000. O a True 10,000 2,250 17,750

3.  trade can only benefit a nation if that nation has an absolute advantage in the production of that good

a. true

b. false

Answer 1

1. True

Explanation: Real GDP increase mean the country has produced more goods and services.

2. True

Explanation: Total population = Employed + unemployed + people not in labor force = 10,000 + 2,250 + 17,750 = 30,000.

3. False

Explanation: Trade can benefit a nation as long as it produces the good in which it has a comparative advantage.