Multiple Choice
If the GDP deflator is 142,by how much have prices changed since the base year?
A) Prices have increased by 42 per cent.
B) Prices have increased by 142 per cent.
C) Prices have decreased by 4.2 per cent.
D) Prices have increased by 58 per cent.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: Knowledge capital is _ in production and
Q51: Assuming that Australia is the domestic economy,
Q67: Economic growth depends more on technological change
Q86: Why do individuals and firms sometimes conceal
Q91: Nominal GDP is GDP measured in current
Q94: New growth theory states that increases in
Q104: 'Labour productivity' is the quantity of:<br>A)output that
Q111: What is the 'gross domestic product' of
Q119: Nominal GDP measures the value of all
Q171: Potential GDP is always greater than real