Most economists consider the GDP deflator as ________ of inflationary pressures in the economy.
A. the least accurate measure
B. the best overall indicator
C. only valid as a wholesale price measure
D. an overvalued measure
Answer: B
You might also like to view...
An example of a final good would be
A) the coffee beans sold to Starbucks. B) the whipped cream sold to Starbucks. C) the soy milk sold to Starbucks. D) a soy latte sold by Starbucks to a student.
Adverse weather conditions in Florida and other citrus-producing regions destroy a substantial portion of this year's crop of oranges. Other things being equal, the resulting decrease in supply is likely to
a. increase the price of oranges and decrease the quantity demanded. b. increase the price of oranges, but have no effect on the quantity demanded. c. decrease the price of oranges and increase the quantity demanded. d. decrease the price of oranges, but have no effect on the quantity demanded.
A nationwide system of marketable pollution permits will reduce pollution overall, but might increase pollution in some high abatement cost areas.
Answer the following statement true (T) or false (F)
Refer to the above table. The production of this good has been through the first 3 stages of production. What is the total value added in Stage 1 through 3?
A. $0.75 B. $0.07 C. $0.43 D. Cannot be computed without more information.