Which of the following statements is true?
A) The CPI is based on a fixed quantity of goods and services in the base year.
B) The CPI measures the price of all goods and services included in GDP.
C) Services are excluded from the CPI.
D) The CPI is a by-product of computing GDP.
E) The CPI does not hold the quantity of goods and services constant when computing the price level.
Correct Answer:
Verified
Q116: National saving is defined as
A)the amount of
Q117: Government saving equals
A)government purchases of goods and
Q118: The total amount of saving in an
Q119: A government incurs a budget deficit when
A)imports
Q120: National saving equals
A)Y-C - G - I
Q122: Exhibit 18-6 Q123: According to the data in Exhibit 18-5, Q124: A rise in nominal GDP indicates that Q125: Refer to Exhibit 18-5. Suppose that real Q126: Exhibit 18-7
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