Valuing the quantities of goods produced in consecutive years using prices in both years and then averaging the percentage changes in the value of output is part of the ________ method of calculating real GDP
A) base-year
B) moving-base-year
C) chain-weighted output index
D) fixed quantities/variable prices
C
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Physicians who accept assignment on their Medicare patients
a. bill patients for 80 percent of the allowable fee. b. agree to forego balance billing. c. accept the allowable fee for all services. d. agree to charge private insurance patients the same fees as Medicare patients. e. Both b and c.
One of the disadvantages of an organization which has a matrix structure is that :
a. each individual reports to one boss, causing excess flow of information to one individual. b. flow of information is difficult when operations are so highly diversified. c. each individual has two bosses whose interests may not be aligned. d. there are limits to the information a firm's headquarters can use effectively in making decisions.
According to the case, price has a disproportionate effect on the bottom line relative to
A) demand changes. B) total and fixed costs. C) capital expenditures. D) the cost of capital.
A monetary system is preferable over the barter system because of the problems associated with
A. the law of increasing relative costs. B. the double coincidence of wants. C. the law of diminishing marginal utility. D. cash leakages.