Between the base period and the next period, prices stay constant. The GDP price index in the next period
A) cannot be calculated without knowing how much the quantity changed.
B) is equal to 1 because there is no change.
C) is equal to 50 because there is no change.
D) will equal 0 because there is no change.
E) is equal to 100 because there is no change.
E
You might also like to view...
Suppose that a mutual fund, Washington Peak Strategic Bond Fund, believes it has hit upon a winning investment strategy.The fund uses an active management strategy to try to outperform the bond market
According to Washington Peak's prospectus, investors need to pay fees of 2 percent annually.Based on the historical success of their active investment strategy, the strategy is projected to generate annual returns (once fees are paid) of 8 percent. A friend of yours is considering investing in Washington Peak and asks you for investment advice. What would you suggest?
An unexpected decrease in aggregate demand results in an increase in real interest rates in the short run
a. True b. False Indicate whether the statement is true or false