The GDP deflator is:
A) also known as the wholesale price index.
B) equal to 100 in the base year.
C) the ratio of real GDP for year X divided by nominal GDP for year X times 100.
D) a measure that tracks price changes for consumer goods.
Correct Answer:
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Q416: In the circular-flow diagram, government purchases of
Q417: GDP calculated via factor payments includes:
A)wages, interest
Q418: Private saving by households is:
A)the portion of
Q419: GDP for a given period measures the:
A)money
Q420: Transfer payments:
A)are a means by which government
Q422: Which of the following is FALSE? GDP
Q423: Use the following to answer questions :
Q424: Value added is equal to the value
Q425: Purchases of imported products are:
A)subtracted from GDP.
B)considered
Q426: Use the following to answer questions :
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