Answer:
The correct answer is option B. 
Explanation:
As people are using more tablets and fewer television sets, the demand for television sets will decline. This will cause the demand curve to shift to the left. As a result, the price level will decline.  
Now, with new production technique the cost of production declines. As a result, there will be an increase in the supply as the firm will be able to produce more at the same cost. This will cause the supply curve to shift to the right. This rightward shift in the supply curve may lead to an increase or decrease in the quantity of output. It depends on the extent of change in supply. 
 
        
             
        
        
        
Answer:
c rose by 3 percent.
Explanation:
Real income is nominal income less price level changes. 
Real income = nominal income - changes in price level 
4.6 % - 1.6% = 3%
I hope my answer helps you 
 
        
             
        
        
        
Answer:
$34,000
Explanation:
Accounting profit = Total revenue - Explicit costs
i.e Total revenue = $50,000 
      Explicit costs = $12,000 + $1,000 + $3,000 = $16,000
Therefore; $50,000 - $16,000 = $34,000.
 
        
             
        
        
        
Answer:
$15,000 
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year. 
When calculating GDP, only items produced in the current year are added. The house had been sold in 2007. Adding the sale to the GDP in 2011 would lead to double counting. 
It's only the amount paid to the agent that would be added to GDP.
I hope my answer helps you 
 
        
             
        
        
        
The answer is A - I just took the test!