If the CPI this year is 162 and last year it was 170,what do we know about the inflation rate this year?
A) It is positive.
B) It is negative.
C) It has decreased since last year.
D) It has increased since last year.
E) It is the same as last year.
Correct Answer:
Verified
Q157: If nominal GDP increases by 3 percent
Q158: Nominal GDP is measured in
A)current-year prices
B)base-year prices
C)real
Q159: If the price index for 2008 was
Q160: If the GDP deflator is 100 this
Q161: We can conclude that there has been
Q163: In order to convert nominal GDP to
Q164: The Consumer Price Index is a measure
Q165: If the GDP price index rises from
Q166: The CPI overstates the true inflation rate
Q167: The GDP price index
A)involves all final goods
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