Author Question: A chain-weighted index A) calculates changes in prices by using an average of base years from ... (Read 84 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
A chain-weighted index
 
  A) calculates changes in prices by using an average of base years from neighboring years to obtain a more accurate measure of real GDP growth.
  B) is used to understate the rate of inflation.
  C) is a useful tool for determining which fence to purchase.
  D) uses neighboring years' data to calculate changes in nominal GDP.

Question 2

Recall the Application. As the world price of wool decreased, the quantity of wool supplied by individual ranchers would ________, and the quantity supplied in the whole market would ________.
 
  A) decrease; increase B) increase; decrease C) increase; increase D) decrease; decrease



Jmfn03

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

For a complete list of videos, visit our video library