« previous next »

Author Question: The GDP price index A) can be interpreted as 100 multiplied by real GDP divided by nominal GDP. ... (Read 87 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jun 29, 2018
The GDP price index
 
  A) can be interpreted as 100 multiplied by real GDP divided by nominal GDP.
  B) is the difference between nominal GDP and real GDP.
  C) measures the average price level.
  D) can be interpreted as real GDP minus nominal GDP and the resulting difference then multiplied by 100.
  E) is equal to between real GDP minus nominal GDP.

Question 2

Which of the following can start an inflation?
 
  A) an increase in aggregate demand
  B) an increase in aggregate supply
  C) a decrease in aggregate supply
  D) Both answers A and C are correct.
  E) Answers A, B, and C are correct.


shoemake

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
Reply #2 on: Jun 29, 2018
Thank you :)


shoemake

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Real Femur Real Femur
Body mass index table. Body mass index table.
NCC MERP Index for categorizing medication errors algorithm. NCC MERP Index for categorizing medication errors algorithm.
Apply L stroke on terminus. Place your index and middle fingers on the left and right terminus; ... Apply L stroke on terminus. Place your index and middle fingers on the left and right terminus; ...
Cranial polarization. Lightly place both thumbs on the anterior fontanel, with both index fingers ... Cranial polarization. Lightly place both thumbs on the anterior fontanel, with both index fingers ...
Video: Renin/Angiotensin (water gain from urine & Na ion and water reabsorption)

For a complete list of videos, visit our video library