Multiple Choice
A GDP deflator of 112 means:
A) the overall price level is 12 percent higher than in the base year.
B) overall output increased by 12 percent since the base year.
C) the overall price level is 12 percent lower than in the base year.
D) both production and the overall price level have increased by 12 percent compared to the base year.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Investment, as a part of GDP, includes:<br>A)
Q9: The government office that declares official periods
Q10: Green GDP:<br>A) tries to capture environmental effects
Q11: If a country experiences a negative GDP
Q12: The market value of a good or
Q14: Using the income approach, what is the
Q15: Which of the following is an example
Q16: Why doesn't GDP include intermediate goods?<br>A) Intermediate
Q17: Using the annual price deflator information (https://fred.stlouisfed.org)
Q18: If consumption is $6 trillion, investment is