A price index shows
A) the current cost of a basket of goods.
B) the relative price of necessities.
C) the price of goods in the future.
D) the cost of today's goods expressed in terms of the cost of goods in a base year.
D
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At 2015 prices, the value of production in 2016 was 6 percentage points higher than in 2015. At 2016 prices, the value of production in 2016 was 4 percentage points higher than in 2015
Using the chain-weighted output index, real GDP is ________ in 2016 than in 2015. A) 10 percent greater B) 5 percent greater C) 7.5 percent greater D) 4 percent smaller
The price of stock is determined by:
a. the demand for the good produced by the firm. b. the number of shares of a firm's stock that is available. c. the performance of the stock market. d. the performance of the Federal Reserve. e. the demand for and supply of a company's shares.