This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following observations is false? a. Both CPI and GDP deflator tend to move in the same ... (Read 242 times)

fox

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
Which of the following observations is false?
 a. Both CPI and GDP deflator tend to move in the same direction.
  b. GDP deflator tends to be much more volatile than CPI.
 c. Both CPI and GDP deflator probably overstate the inflation rate.
  d. both a. and c. are false.

Question 2

If the price index is now 120, it means:
 a. prices are 120 percent higher than in the base year.
  b. prices are 20 percent higher than in the base year.
  c. prices are 1.2 percent higher than in the base year.
  d. nominal GDP will be less than real GDP.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tsternbergh47

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


fox

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
Wow, this really help

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Linked alleles tend to be inherited together Linked alleles tend to be inherited together
Pupil Assessment, Move Penlight directly in Front of Pupil Pupil Assessment, Move Penlight directly in Front of Pupil
Primates in the New World tend to be small-bodied compared to those elsewhere. Primates in the New World tend to be small-bodied compared to those elsewhere.
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
With your fingertips, using medium pressure, trace the colon over the abdomen. Move in clockwise ... With your fingertips, using medium pressure, trace the colon over the abdomen. Move in clockwise ...
Brushing off to finish-front. Move to the front and place the person’s hands on his or her knees. ... Brushing off to finish-front. Move to the front and place the person’s hands on his or her knees. ...
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library