Multiple Choice
Assume an economy that is producing only one product.Output and price data for a three-year period are as follows.Answer the question on the basis of these data.
Refer to the data.If year 2 is chosen as the base year,in years 1 and 3 the price index values,respectively,are:
A) 4 and 6.
B) 6 and 4.
C) 120 and 100.
D) 100 and 150.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: Use the following table for a
Q27: Answer the question on the basis
Q29: Answer the question on the basis
Q32: Corporate profits are found by:<br>A) summing corporate
Q33: The system that measures the economy's overall
Q37: If depreciation (consumption of fixed capital) exceeds
Q66: Interest on the public debt is included
Q74: Real GDP is<br>A)the nominal value of all
Q194: In determining GDP by the expenditures method,
Q238: The fact that nominal GDP has risen