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Author Question: Prices of final goods and services in Eduland have increased by 23 between Year 1 and Year 2. If the ... (Read 28 times)

crazycityslicker

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on: Jun 30, 2018
Prices of final goods and services in Eduland have increased by 23 between Year 1 and Year 2. If the GDP deflator of Eduland in Year 1 was 100, the GDP deflator of Eduland in Year 2 is ________.
 
  A) 50 B) 112 C) 103 D) 123

Question 2

When computing percentage changes, using the simple approach results in increases and decreases which are
 
  A) identical. B) symmetric.
  C) more accurate than using the midpoint method. D) not symmetric.


braelync

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

D

Answer to Question 2

D


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