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 28 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?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

dinosaurs were real dinosaurs were real
Nonlinear increase in saturation vapor pressure with increase in temperature. Nonlinear increase in saturation vapor pressure with increase in temperature.
Change in air temperature at various air flow rates for a 2 pass operation Change in air temperature at various air flow rates for a 2 pass operation
Foods for Baby’s First Year Foods for Baby’s First Year
Change is hard at first messy in the middle and gorgeous at the end Change is hard at first messy in the middle and gorgeous at the end
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
Video: Net filtration pressure and lymph formation, edema & blood velocity

For a complete list of videos, visit our video library