The GDP price index equals
i. nominal GDP divided by real GDP multiplied by 100.
ii. a measure of the price level.
iii. an average of current prices expressed as a percentage of base-year prices.
A) i, ii, and iii B) iii only C) ii and iii D) i only E) i and ii
A
Economics
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Economists believe that the CPI overstates actual price changes by as much as ________ to ________ percent each year
A) 2; 3 B) 1; 2 C) 0.5; 1 D) 0.5; 1.5
Economics
The official settlements account contains data on
A) trade complaints that are officially settled. B) capital imports and exports. C) official reserves. D) officials' expenses. E) official governmental complaints between countries.
Economics