If the price index is now 120, it means:
a. prices are 120 percent higher than in the base year.
b. prices are 20 percent higher than in the base year.
c. prices are 1.2 percent higher than in the base year.
d. nominal GDP will be less than real GDP.
b
Economics
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Using the data in the above table, the unemployment rate is
A) 4.0 percent. B) 4.16 percent. C) 5.55 percent. D) 28.0 percent.
Economics
The structural deficit:
A. does not change when actual income changes; it but changes only when potential income changes. B. falls as the economy expands and rises when it contracts. C. rises as the economy expands and falls when it contracts. D. changes as actual income changes regardless of potential income.
Economics