The GDP price index equals
I.nominal GDP divided by real GDP multiplied by 100.
Ii.a measure of the price level.
Iii.an average of current prices expressed as a percentage of base-year prices.
A) i only
B) ii and iii
C) iii only
D) i and ii
E) i,ii,and iii
Correct Answer:
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Q219: Q220: If the real interest rate is 5 Q221: Since 1981,the Q222: The GDP price index Q225: The nominal wage rate is the Q226: If we look at real and nominal Q227: The real interest rate is equal to Q228: The average starting salary for a history Q229: In the 1970s,a period of a high Q372: What are the three stages of constructing
A)real wage rate increased steadily.
B)nominal wage
A)can be interpreted as
A)minimum hourly
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