The base year for a price index is the year
A) in which prices are lowest
B) in which prices are highest
C) in which real output is largest
D) in which prices were stable
E) that serves as a reference point
Correct Answer:
Verified
Q96: If nominal GDP increases by 4 percent,
Q147: Real GDP is the same thing as
A)total
Q148: The statement that "GDP values all output
Q149: If the CPI is 160 one year
Q150: Limitations of the national income accounting system
Q151: GDP is not a perfect measure of
Q153: Nominal GDP is a better measure of
Q154: If real GDP increased by 3 percent,then
A)real
Q155: If the CPI rises in one year
Q157: If nominal GDP increases by 3 percent
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