Russia chose a slow approach to creating a private economy and China chose a fast approach

Rent and car payments are examples of:

a. Variable expenses b. Fixed expenses c. Net worth expenses d. Assets

A measure that allows us to compare the prices of consumer goods and services in the year 2000 that a household typically purchases to the prices of those goods and services the household purchased in the base year 1997 is

a. the GDP deflator b. the consumer price index c. the price level d. inflation e. the base measure