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Author Question: The GDP chain price index is designed to adjust nominal GDP for changes in: a. the level of ... (Read 77 times)

colton

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  • Posts: 627
on: Jun 30, 2018
The GDP chain price index is designed to adjust nominal GDP for changes in:
 a. the level of transfer payments.
  b. the quality of goods over time.
  c. the costs of economic bads such as pollution and crime.
  d. the general level of prices over time.

Question 2

The aggregate supply curve is defined as:
 a. net national product.
  b. the sum of wages, rent, interest, and profits.
  c. the real GDP produced at different price levels.
  d. the total dollar value of household expenditures.


Pamela.irrgang@yahoo.com

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

d

Answer to Question 2

c


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