Which of the following is the significance of a country's price index?
a. It helps in measuring changes in the nominal interest rate in a country
b. It helps in measuring the total disposable income of a country.
c. It helps in determining a country's real GDP each year.
d. It helps in measuring changes in the prices of only luxury goods.
e. It helps in measuring the demand for goods and services exported by a country.
c
Economics
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Using the above figure, which of the following is TRUE?
A) Axis 1 is typically called the y-axis. B) Axis 1 is also known as the origin. C) Axis 2 is typically called the x-axis. D) Point b is known as the origin.
Economics
Explain the Law of Demand
What will be an ideal response?
Economics