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Author Question: Between the base period and the next period, prices stay constant. The GDP price index in the next ... (Read 92 times)

Engineer

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  • Posts: 527
on: Jun 30, 2018
Between the base period and the next period, prices stay constant. The GDP price index in the next period
 
  A) cannot be calculated without knowing how much the quantity changed.
  B) is equal to 1 because there is no change.
  C) is equal to 50 because there is no change.
  D) will equal 0 because there is no change.
  E) is equal to 100 because there is no change.

Question 2

Sustained increases in the standard of living depend on
 
  A) increases in the population.
  B) increases in the quantity of labor.
  C) increases in labor productivity.
  D) decreases in labor productivity.
  E) increases in aggregate hours.


parker125

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


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