If the PCE deflator increased from 88 to 99 in one year, the rate of consumer inflation is:
A) 10.0%.
B) 11.0%.
C) 12.5%.
D) 13.4%.
Correct Answer:
Verified
Q130: Real GDP is calculated by:
A)multiplying nominal GDP
Q138: If the percent change in nominal GDP
Q140: If the percent change in nominal GDP
Q141: When someone stops mowing his own lawn
Q143: If the market prices of publicly traded
Q144: If the real interest rate is 2%
Q148: If the nominal interest rate is 5%
Q150: Day laborers who are in the United
Q163: Which of the following economic activities would
Q177: GDP is a good measure of:
A)relative welfare
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