The index that measures the change in price of a typical basket of consumer goods is
A) the GDP deflator.
B) the consumer price index.
C) nominal GDP.
D) real GDP.
Correct Answer:
Verified
Q4: The broadest measure of the aggregate price
Q5: Consumption expenditure includes
A)the production of consumption goods
Q6: Real gross national product is
A)the same as
Q7: National income is defined as gross national
Q8: The calculation of potential output in the
Q10: If the nominal GDP is $12,000 in
Q11: If the value of a price index
Q12: If real GDP exceeds potential GDP,this means
Q13: Inventory investment is
A)never positive.
B)often negative.
C)can be either
Q14: Gross domestic product includes
A)all intermediate and final
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