Solved

Suppose That G1 Represents the Ratio of Year 2 GDP

Question 63

Multiple Choice

Suppose that g1 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 1 prices.Suppose that g2 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 2 prices.The ratio of chain-weighted year 2 GDP to chain-weighted year 1 GDP equals


A) Suppose that g1 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 1 prices.Suppose that g2 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 2 prices.The ratio of chain-weighted year 2 GDP to chain-weighted year 1 GDP equals A) B) C) D) E)
B) Suppose that g1 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 1 prices.Suppose that g2 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 2 prices.The ratio of chain-weighted year 2 GDP to chain-weighted year 1 GDP equals A) B) C) D) E)
C) Suppose that g1 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 1 prices.Suppose that g2 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 2 prices.The ratio of chain-weighted year 2 GDP to chain-weighted year 1 GDP equals A) B) C) D) E)
D) Suppose that g1 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 1 prices.Suppose that g2 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 2 prices.The ratio of chain-weighted year 2 GDP to chain-weighted year 1 GDP equals A) B) C) D) E)
E) Suppose that g1 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 1 prices.Suppose that g2 represents the ratio of year 2 GDP to year 1 GDP,both valued at year 2 prices.The ratio of chain-weighted year 2 GDP to chain-weighted year 1 GDP equals A) B) C) D) E)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q58: The income approach to calculating GDP is<br>A)

Q59: Government expenditures does not include<br>A) state and

Q60: Pamela's bakery produces 500 loaves of bread

Q61: The product approach to calculating GDP values

Q62: The income-expenditure identity is best paraphrased as<br>A)

Q64: In recent years,which of the following has

Q65: Recently,consumption has comprised approximately<br>A) 28% of GDP.<br>B)

Q66: Changes in the relative prices of goods

Q67: Investment spending is<br>A) less volatile than consumption

Q68: The unemployment rate equals<br>A)<img src="https://d2lvgg3v3hfg70.cloudfront.net/TB34225555/.jpg" alt="The unemployment