At 2012 prices, the value of production in 2013 was 2 percentage points higher than in 2012. At 2013 prices, the value of production in 2013 was 4 percentage points higher than in 2012.
The chained-dollar real GDP is ________ in 2013 than in 2012.
A) 4 percent greater
B) 3 percent greater
C) 3 percent smaller
D) 2 percent smaller
E) 2 percent greater
Correct Answer:
Verified
Q119: The underground economy is any economic activity
Q120: In any year, real GDP
A)must always be
Q121: Use the table below to answer the
Q122: Use the table below to answer the
Q123: Use the table below to answer the
Q125: Use the table below to answer the
Q126: The reference base year is 2013. To
Q127: Use the table below to answer the
Q128: Real GDP
A)fluctuates from year to year but
Q129: Use the table below to answer the
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