GDP figures are in billions of dollars
Refer to the above table. What is the GDP price index in Year 1?
A.
105.2
B.
108.3
C.
109.6
D.
111.5
B.
108.3
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For an economy starting at potential output, an increase in one or more of the components of aggregate expenditure in the short run results in a(n):
A. increase in potential output. B. recessionary output gap. C. decrease in potential output. D. expansionary output gap.
The exogenous variable in the monetary policy curve is ________
A) the policy parameter, ? B) the real interest rate C) the autonomous component, D) the federal funds rate E) the inflation rate
An example of a credit item in the U.S. balance of payments would be
a. someone sending U.S. dollars to a relative overseas. b. a British tourist spending money at a U.S. nightclub. c. a U.S. tourist flying to Paris on the Concorde. d. General Motors building a factory in Eastern Europe.
A merger between firms that are in the same industry is called a
A. conglomerate merger. B. vertical merger. C. horizontal merger. D. none of these.