Author Question: According to this Application, studies estimated that a decrease of consumer wealth of 1 would ... (Read 33 times)

Shelles · **on:** Jun 30, 2018

According to this Application, studies estimated that a decrease of consumer wealth of 1 would ________ consumption spending by somewhere between ________.

A) lower; 0.21 and 0.72 B) raise; 0.10 and 0.50
C) raise; 0.21 and 0.72 D) lower; 0.02 and 0.07

Question 2

The GDP deflator of a country in the base year was 100 and it is 130 in the current year. This implies that the prices of final goods and services produced in the country have increased by ________ between the two years.

A) 3 B) 30 C) 10 D) 0.1