If the base year for the GDP deflator is 2005 and the value of the deflator during 2011 is 115, this indicates that the general level of prices
a. declined by 15 percent between 2005 and 2011.
b. increased by 15 percent each year during 2005-2011.
c. was approximately 15 percent higher in 2011 than in 2005.
d. was approximately 115 percent higher in 2011 than in 2005.
C
You might also like to view...
Happy Campers and Camping R Us are in tacit collusion to cooperate and each charge a high price for their campers. If Happy Campers initially cooperates with Camping R Us, but then switches and charges a low price and Camping R Us responds by forever charging a low price, this is an example of ________.
A) a one -shot game B) a trigger strategy C) a dominant strategy D) a tit-for-tat strategy
Which of the following would be recorded in the U.S. goods export account?
a. Harry, an American citizen, spends 1,000 francs on vacation in the south of France. b. A machine shop in Ohio purchases a grinder made in Italy. c. Martha receives a $50 dividend check on stock she owns in a business in Germany. d. The U.S. government subsidizes American farmers for planting corn for export. e. France purchases a new jet fighter aircraft from the Boeing Company in the United States.
Low interest rates will persuade corporations to invest more right now.
Answer the following statement true (T) or false (F)
In a multiple regression model, the OLS estimator is consistent if:
A. there is no correlation between the dependent variables and the error term. B. there is a perfect correlation between the dependent variables and the error term. C. the sample size is less than the number of parameters in the model. D. there is no correlation between the independent variables and the error term.