What is the chain-weighted price index for GDP in the base year?
A) 0
B) 1
C) 100
D) The answer depends on the price index for the current year.
C
Economics
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Which of the following is the most frequently used tool the Fed uses to control the supply of money?
a. The discount rate. b. The reserve requirements. c. Open market operations. d. The 30-year home-mortgage interest rate.
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The best guess is that the cross elasticity between Rolaids and Tums, the two leading antacids in the country, is
a. negative b. positive c. zero d. one e. infinite
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