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

Author Question: If nominal GDP increases this year, then real GDP A) could either increase or not change but ... (Read 27 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
If nominal GDP increases this year, then real GDP
 
  A) could either increase or not change but cannot decrease.
  B) must decrease.
  C) must increase.
  D) must not change.
  E) could increase, decrease, or not change.

Question 2

The outlet substitution bias is most likely to put ________ and so ________ the inflation rate.
 
  A) a downward bias into the CPI; overstate
  B) no bias into the CPI because it is such a small effect; have no effect on
  C) a downward bias into the CPI; understate
  D) an upward bias into the CPI; overstate
  E) an upward bias into the CPI; understate


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

D


shenderson6

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: Jun 30, 2018
Correct answers!


Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
Consistency and Change in Personality Over the Lifespan Consistency and Change in Personality Over the Lifespan
Research that has examined babies' ability to recognize themselves develops in the 2 year Research that has examined babies' ability to recognize themselves develops in the 2 year
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Video: Attention Deficit Disorder (ADD)

For a complete list of videos, visit our video library