The point on the business cycle where real GDP reaches its highest level is known as the________.

1 answer:

8 0

The choices can be found elsewhere and as follows:

<span>a) Summit
b) Appogee
c) Peak
d) Maximoid
</span>
I believe the correct answer is option D. The point on the business cycle where real GDP reaches its highest level is known as the Maximoid. Hope this answers the question. Have a nice day.

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Answer:

57.8$

Explanation:

Here we know that:

- One trip to work averages 14 miles

- Therefore, one return trip home-work averages 14*2=28 miles

- You work 20 days per month

So, the average number of miles per month is:

$m=28\cdot 20 =560 mi$

Then, we also know that the car averages 28 miles per gallon; this means that the number of gallons consumed on average in 1 month is equal to the average number of miles (560) divided by 28:

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So, 20 gallons per month.

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$cost = (20 gal)\cdot (\$2.89/gal)=\$57.8$