Multiple Choice
The new chain-weighted measures of real GDP are an improvement over traditional measures because the prices used to compute real GDP are:
A) never far out of date.
B) always from the same base year.
C) imputed.
D) chained to the CPI.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: Real GDP is measured in _ prices
Q41: An economy's _ equals its _.<br>A) consumption;
Q42: The underground economy:<br>A) is included in the
Q43: If total consumption (measured in billions of
Q44: The employment statistics computed from the establishment
Q46: Nominal GDP is measured in _ prices
Q47: The CPI is determined by computing:<br>A) an
Q48: The labor-force participation rate is the percentage
Q49: In the national income accounts, government purchases
Q50: Nominal GDP measures the value of goods