Inflation can be measured using either the GDP deflator or the consumer price index
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following is an example of an implicit cost?
A) rent on a building B) the cost of fertilizer for a farmer C) the economic depreciation of capital equipment the business owns D) the cost of fuel and materials. E) wages paid to workers
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What would the correlation coefficient be if all observations for the two variables were on a curve described by Y = X2?
What will be an ideal response?
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