Multiple Choice
Use of real GDP to measure changes in national output from one period to another can be misleading if
A) the price level is different for the two periods.
B) the share of production carried out in the nonmarket sector is different for the two periods.
C) the bundle of goods produced during the periods is quite similar.
D) the size of the export-import sector differs for the two periods.
Correct Answer:

Verified
Correct Answer:
Verified
Q178: If the consumer price index (CPI) at
Q179: The GDP deflator is designed to<br>A) adjust
Q180: In 1980, the price of a gallon
Q181: Which of the following transactions would be
Q182: Accurate measurement of GDP is important to
Q184: The consumer price index is calculated using
Q185: Your boss gives you an increase in
Q186: The nominal salary paid to the president
Q187: What do cost of living indexes across
Q188: The consumer price index is designed to