If the GDP deflator is now 125,we may conclude that since the base year prices have
A) risen by 25 percent.
B) risen by 125 percent.
C) fallen by 25 percent.
D) fallen by 125 percent.
Correct Answer:
Verified
Q21: If our GDP rises by 50 percent,our
Q22: Which statement is true?
A)In recent years net
Q23: If GDP rises,
A)real GDP may either rise
Q24: If our population doubles,our GDP doubles,and the
Q25: When there is deflation,
A)GDP grows faster than
Q27: If the nation's output of goods and
Q28: If GDP declined by 6 percent in
Q29: If the GDP deflator is now 115,then
Q30: In 2009,what percent of our GDP was
Q31: Which statement is true?
A)GDP is a virtually
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