Nominal government purchases were $2226.2 billion in 2008 and rose to $2372.8 billion in 2009. Real government purchases were $1940.6 for 2008 and $1958.0 for 2009, where 2005 was the base year

Calculate the percent change in the chain-weight price index for government purchases (rounded to the nearest percentage point) from 2008 to 2009. A) 2%
B) 4%
C) 6%
D) 8%


C

Economics

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During the decade of the 1920s, the U.S. economy

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Economics

In the long run, total fixed cost will:

a. remain constant. b. increase. c. decrease. d. not exist by definition.

Economics

The Laffer curve depicts a basic idea of which of the following schools?

a. supply-side economics b. rational expectations c. Keynesian d. neo-Keynesian e. classical

Economics

Suppose that everybody pays the same price for auto insurance. What should happen to the price of insurance if the law changes from a system where there is mandatory auto insurance to one where there is voluntary auto insurance?

What will be an ideal response?

Economics