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Author Question: Changes in the relative prices of goods causes problems measuring real GDP because (Read 51 times)

cabate

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Changes in the relative prices of goods causes problems measuring real GDP because
◦ consumers change their buying habits.
◦ firms produce more of the cheaper good.
◦ they tend to be inaccurate.
◦ price deflators only measure the price level.
◦ consumers buy less of the cheaper good.


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Marked as best answer by cabate on Jan 2, 2020

vboyd24

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cabate

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Reply 2 on: Jan 2, 2020
Excellent


adf223

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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