Author Question: The consumer price index (CPI) is computed as the ratio of nominal GDP to real GDP. a. True b. ... (Read 43 times)

moongchi · **on:** Jun 30, 2018

The consumer price index (CPI) is computed as the ratio of nominal GDP to real GDP.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Since 1929, total government taxes as a percentage of GDP:
a. climbed from 10 percent to over 35 percent.
b. remained close to 30 percent.
c. climbed from 30 percent to about 50 percent.
d. climbed from 15 percent to about 50 percent.