Nominal government purchases were $2226.2 billion in 2008 and rose to $2372.8 billion in 2009. Real government purchases were $1940.6 for 2008 and $1958.0 for 2009, where 2005 was the base year
Calculate the percent change in the chain-weight price index for government purchases (rounded to the nearest percentage point) from 2008 to 2009. A) 2%
B) 4%
C) 6%
D) 8%
C
Economics
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The optimal level of consumption is achieved when ________
A) consumption in one period is equal to consumption in the next period B) utility in one period is equal to utility in the next period C) all income and wealth has been spent D) the slope of the indifference curve is equal to the slope of the budget line
Economics
Because exports are less than imports,
a. net exports are positive. b. net exports are a positive percentage of GDP. c. net exports are a negative percentage of GDP. d. the federal government has a budget surplus.
Economics