The GDP chain price index is designed to adjust nominal GDP for changes in:
A) the level of transfer payments.
B) the quality of goods over time.
C) the costs of economic bads such as pollution and crime.
D) the general level of prices over time.
Correct Answer:
Verified
Q95: In an economy with persistent inflation,
A) real
Q131: When economists speak of changes in GDP
Q141: In a given year, U.S. nominal GDP
Q142: The most broadly based price index is
Q143: Exhibit 11-5 GDP data (billions of dollars)
Q144: In a given year, U.S. nominal GDP
Q145: Exhibit 11-6 GDP data (billions of dollars)
Q147: Exhibit 11-5 GDP data (billions of dollars)
Q148: Exhibit 11-4 Q150: Exhibit 11-5 GDP data (billions of dollars)
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