Author Question: Hedonic pricing is used to A) convert nominal values to real values. B) calculate the difference ... (Read 205 times)

stevenposner · **on:** Jun 30, 2018

Hedonic pricing is used to

A) convert nominal values to real values.
B) calculate the difference between nominal GDP and real GDP.
C) measure the rate of change in real GDP.
D) obtain chain-weight indexes.
E) none of the above

Question 2

During the late 1990s, Japan experienced reductions in the GDP deflator. Given this information, we know with certainty that

A) real GDP fell during these periods.
B) real GDP did not change during these periods.
C) the overall price level in Japan decreased during these periods.
D) both real GDP and the overall price level decreased during these periods.