The formula for determining a real variable is real variable =
a. (nominal variable ? 100) ? CPI
b. (nominal variable ? CPI) ? 100
c. (nominal variable ? price index) ? 100
d. (nominal variable ? price index) + 100
e. (nominal variable ? price index) ? 100
C
You might also like to view...
The figure above shows the market for pants. If the efficient quantity is produced,
A) there will be no consumer surplus. B) the sum of consumer and producer surplus will be maximized. C) a small deadweight loss will result. D) the sum of consumer and producer surplus will be minimized. E) the consumer surplus on all the pants must equal the producer surplus on all the pants.
The degrees of freedom in a regression equation is the number of observations minus the number of estimated coefficients
Indicate whether the statement is true or false
Normative economics is:
a. usually incorrect. b. a statement of fact. c. the analysis of what is. d. the study of what ought to be. e. free of value judgments.
In year 1 the average price of X is $10, and in year 2 the average price of X is $23. If consumers buy more units of X in year 2 than in year 1, it follows that
A) the law of supply does not hold for good X. B) demand for good X could be higher in year 2 than in year 1. C) supply of good X could be less in year 2 than in year 1. D) good X buyers have received an increase in income between year 1 and year 2, and good X is a normal good. E) b and d