This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If nominal GDP increases this year, then real GDP A) could either increase or not change but ... (Read 78 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
If nominal GDP increases this year, then real GDP
 
  A) could either increase or not change but cannot decrease.
  B) must decrease.
  C) must increase.
  D) must not change.
  E) could increase, decrease, or not change.

Question 2

The outlet substitution bias is most likely to put ________ and so ________ the inflation rate.
 
  A) a downward bias into the CPI; overstate
  B) no bias into the CPI because it is such a small effect; have no effect on
  C) a downward bias into the CPI; understate
  D) an upward bias into the CPI; overstate
  E) an upward bias into the CPI; understate


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

D


shenderson6

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: Jun 30, 2018
Correct answers!


Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
(A) A 62-year-old patient with myxedema exhibiting marked edema of the face and a somnolent look. Th (A) A 62-year-old patient with myxedema exhibiting marked edema of the face and a somnolent look. Th
For the 2-year-old, encounters with peers provide valuable practice in communication and social ... For the 2-year-old, encounters with peers provide valuable practice in communication and social ...
Climate Change in East Asia Climate Change in East Asia
Global climate change and CO2 concentration Global climate change and CO2 concentration
Math Joke: Be Rational, Get Real Math Joke: Be Rational, Get Real
Video: Introduction to Spirometry

For a complete list of videos, visit our video library