Multiple Choice
A price index is:
A) a comparison of the price of one product with the change in real GDP
B) a comparison of real GDP in one period relative to another
C) the cost of a basket of products in a base or reference period divided by the cost of the same basket in another period
D) a ratio of real GDP in one period to nominal GDP in another
E) a measure of changes in prices
Correct Answer:
Verified
Correct Answer:
Verified
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