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

Author Question: When calculating real GDP, the reference base year A) allows us to account for changes in GNP ... (Read 65 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 29, 2018
When calculating real GDP, the reference base year
 
  A) allows us to account for changes in GNP compared to GDP.
  B) always reduces the value of GDP compared to GNP.
  C) allows us to calculate the value of the goods and services in terms of prices of that base year.
  D) usually increases the value of GNP compared to GDP.
  E) allows us to increase the value of goods and services.

Question 2

Which of the following is a difference between a first-price sealed-bid auction and a Dutch auction?
 
  A) The highest bidder wins in a first-price sealed-bid auction while the second-highest bidder wins in a Dutch auction.
  B) The second-highest bidder wins in a first-price sealed-bid auction while the highest bidder wins in a Dutch auction.
  C) Bids are placed privately in a first-price sealed-bid auction while bids are placed publicly in a Dutch auction.
  D) Bids are placed one after another in a first-price sealed-bid auction while bids are placed simultaneously in a Dutch auction.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


joe

  • Member
  • Posts: 627
Reply 2 on: Jun 29, 2018
Gracias!

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

acid base acid base
Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Correction of acid and base imbalance Correction of acid and base imbalance
Kahan (Last Year) Kahan (Last Year)
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ... Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
Video: Morphology of a tomato plant

For a complete list of videos, visit our video library