1. If nominal GDP in a given year is $11,000 billion and real GDP is $10,000 billion, then the GDP Price Deflator is equal to
A. 1.1%
B. 110
C. 10%
D.0.90 or 90%
2. Marginal cost is the change in _____ cost resulting from a one-unit change in _____.
A. total; output
B. average; output
C. total; a variable input
D. total; average cost