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

Author Question: Which of the following observations is false? a. Both CPI and GDP deflator tend to move in the same ... (Read 735 times)

fox

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
Which of the following observations is false?
 a. Both CPI and GDP deflator tend to move in the same direction.
  b. GDP deflator tends to be much more volatile than CPI.
 c. Both CPI and GDP deflator probably overstate the inflation rate.
  d. both a. and c. are false.

Question 2

If the price index is now 120, it means:
 a. prices are 120 percent higher than in the base year.
  b. prices are 20 percent higher than in the base year.
  c. prices are 1.2 percent higher than in the base year.
  d. nominal GDP will be less than real GDP.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tsternbergh47

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


fox

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
Gracias!

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Linked alleles tend to be inherited together Linked alleles tend to be inherited together
Pupil Assessment, Move Penlight directly in Front of Pupil Pupil Assessment, Move Penlight directly in Front of Pupil
Normal red blood cells (RBCs) are flexible and donut-shaped and move with ease through blood ... Normal red blood cells (RBCs) are flexible and donut-shaped and move with ease through blood ...
Scapula mobilizing technique: move and lift the scapula by pulling back at the shoulder. Scapula mobilizing technique: move and lift the scapula by pulling back at the shoulder.
Circular friction around the ankle with the fingertips. Applying pressure with the fingertips, move ... Circular friction around the ankle with the fingertips. Applying pressure with the fingertips, move ...
Pull-ups from shoulder to buttocks. (A) Move across the shoulder, fingertips between the ribs. (B) ... Pull-ups from shoulder to buttocks. (A) Move across the shoulder, fingertips between the ribs. (B) ...
Video: Introduction to Photolithography - WC, BLF, PA, Hard and Soft baking

For a complete list of videos, visit our video library