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

Author Question: When GDP is measured in "current prices" it is known as the (Read 42 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
on: Apr 19, 2019

Question 1

The GDP deflator in year 2 is 95 using year 1 as a base year. This means that, on average, the price of goods and services is


◦ 105% higher in year 2 than in year 1.
◦ 5% higher in year 2 than in year 1.
◦ 5% higher in year 1 than in year 2.
◦ 105% higher in year 1 than in year 2.

Question 2

When GDP is measured in "current prices" it is known as the


◦ real GDP.
◦ nominal GDP.
◦ real GNP.
◦ nominal GNP.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by savannahhooper on Apr 19, 2019

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


savannahhooper

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Apr 19, 2019
Excellent


scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Skin signs are objective evidence of an illness or disorder. They can be seen, measured, or felt. Skin signs are objective evidence of an illness or disorder. They can be seen, measured, or felt.
Marine myths measured Marine myths measured
The secular trend in growth as measured in Swedish (a) girls and (b) boys between 1883 and 1968. The secular trend in growth as measured in Swedish (a) girls and (b) boys between 1883 and 1968.
Concentric double-pipe heat exchanger for co-current flow Concentric double-pipe heat exchanger for co-current flow
North Atlantic Current North Atlantic Current
Explain how it can be desirable from an intertemporal perspective for a country run a current ... Explain how it can be desirable from an intertemporal perspective for a country run a current ...
Video: Negative Feedback Regulation of Blood Pressure

For a complete list of videos, visit our video library