A price index can rise from one year to the next even though:
A) some individual prices in the economy fall.
B) nominal GDP falls.
C) real GDP falls.
D) all of the above occur.
Correct Answer:
Verified
Q84: In an economy, the total expenditures for
Q146: Assume an economy which is producing only
Q147: In one-year nominal GDP was $286 billion
Q148: Following is data for a hypothetical economy.The
Q149: The GDP price index:
A)includes fewer goods and
Q150: If nominal GDP in some year is
Q152: The table below indicates the price and
Q153: Following is data for a hypothetical economy.The
Q155: Consider the following data for a hypothetical
Q178: The GDP deflator or price index equals
A)gross
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents