To correct for inflation,GDP numbers must be converted using the price level in a given year known as the
A) Base year
B) Real year
C) Current year
D) Constant year
E) Inflation year
Correct Answer:
Verified
Q45: In year 1,an economy produces 10m cars
Q46: Developing countries can shift their production possibility
Q47: When analyzing the performance of a single
Q48: The efficiency of resource usage in LDCs
Q49: What is the MSB of a shift
Q51: The most important key to improvement in
Q52: When comparing the performance of economies in
Q53: The opportunity cost borne by society when
Q54: A movement along a production possibilities curve
Q55: Increases in a country's population will always
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