Multiple Choice
Nominal government purchases were $2226.2 billion in 2008 and rose to $2372.8 billion in 2009.Real government purchases were $1940.6 for 2008 and $1958.0 for 2009,where 2005 was the base year.Calculate the percent change in the chain-weight price index for government purchases (rounded to the nearest percentage point) from 2008 to 2009.
A) 2%
B) 4%
C) 6%
D) 8%
Correct Answer:
Verified
Correct Answer:
Verified
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