Multiple Choice
If the price of domestically produced power tools increases,then
A) the consumer price index and the GDP deflator will both increase.
B) the consumer price index will increase,and the GDP deflator will be unaffected.
C) the consumer price index will be unaffected,and the GDP deflator will increase.
D) the consumer price index and the GDP deflator will both be unaffected.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: In the basket of goods that is
Q14: The inflation rate is calculated<br>A)by determining the
Q15: From 2009 to 2010,the CPI for education
Q16: For an imaginary economy,the value of the
Q17: The consumer price index is<br>A)not very useful
Q20: If the cost of housing increases by
Q21: When the quality of a good improves
Q21: The CPI is a measure of the
Q22: Assume an economy experienced a positive rate
Q23: Every unit of good x that is