In listing both the amount and cost of Wal-Mart's 2014 sales, ...

[Frost2351]

In listing both the amount and cost of Wal-Mart's 2014 sales, this Application is addressing the economic concept of
 
  A) chain-weighted indexes. B) value added.
  C) real versus nominal GDP. D) GDP as a measure of welfare.

Question 2

An international agency uses the prices of iPads in different countries to compute the exchange rate between the currencies of these countries. Which of the following measures is based on a similar idea?
 
  A) The midcap index B) The Human Development Index
  C) The Big Mac Index D) The GDP deflator

[Tonyam972]

Answer to Question 1

B

Answer to Question 2

C

[Frost2351]

Excellent

[ASDFGJLO]

TYSM