In general, if a consumer good is produced domestically and consumed domestically, a decrease in its price will have which of the following effects?
a. The consumer price index will decrease relatively more than will the GDP deflator.
b. The consumer price index and the GDP deflator will decrease by the same amount.
c. The consumer price index will decrease relatively less than will the GDP deflator.
d. One cannot generalize about the decrease in the consumer price index relative to the decrease in the GDP deflator.
a
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In the United States, the richest 20 percent of households receive about ________ percent of total income
A) 4 B) 15 C) 23 D) 50 E) 33
Compare/contrast the Nasdaq Composite Index with the Dow Jones Industrial Average.
What will be an ideal response?
The value of all final goods and services produced during a given time period measures a nation's:
A. gross domestic product. B. net national product. C. consumer price index. D. net exports.
Planned aggregate expenditure in an open economy equals
A. C + I + G + EX + IM. B. C + I + G + EX - IM. C. C + I + G - IM. D. C + I + G + EX.