In 1986, the base year, GDP was 4000. In 1989 the GDP deflator was 115. We may conclude that
A.there was some inflation between 1986 and 1989.
B. there was some deflation between 1986 and 1989.
C. real GDP declined between 1986 and 1989.
D. GDP declined between 1986 and 1989.
A.there was some inflation between 1986 and 1989.
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According to the Law of Demand, the demand curve for a good will
A) shift leftward when the price of the good increases. B) shift rightward when the price of the good increases. C) slope downward. D) slope upward.
An increase in the interest rate, other things constant, will: a. shift the supply of loanable funds curve to the left. b. shift the supply of loanable funds curve to the right. c. increase the quantity of loanable funds supplied
d. shift the demand for loanable funds curve to the left. e. increase the quantity of loanable funds demanded.
Increases in capital stock are due to
A. increasing productivity. B. labor saving technology. C. investment. D. depreciation.
What is the present value of $1,000 received 3 years from now if the interest rate is 6%?
What will be an ideal response?