The chain-weighted output index method ________
A) is used to calculate the value of nominal GDP
B) values the quantities produced in a year at the prices of the base year
C) shows that real GDP increases every year
D) uses the prices of two adjacent years to calculate the real GDP growth rate
D
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In developing countries, it is not true that
a. banks are often viewed with suspicion b. at the first sign of economic problems, many bank depositors withdraw their funds c. because banks cannot rely on a continuous supply of deposits, banks cannot make loans for extended periods d. if financial institutions fail to serve as intermediaries between savers and borrowers, the lack of funds for investment will make growth rates double e. the credit provided by banks as a percent of total output is one fifth that in high-income countries
Which of the following is the best example of a public good?
a. Cars. b. Education. c. Radios. d. Air traffic control.