A variable-weight price index
A) equals the value of current output at current prices divided by the value of current output at base-year prices.
B) equals the value of a fixed basket at current prices divided by the value of a fixed basket at base-year prices.
C) is used in the consumer price index.
D) is misleading because it cannot distinguish between nominal and real measures.
Correct Answer:
Verified
Q39: In the expenditure approach to GDP,which of
Q40: Net national income is equal to
A)GDP minus
Q41: Measuring GDP in nominal terms
A)is the most
Q42: On January 1,2001,the GDP deflator for Old
Q43: If real GDP falls by 1 percent,but
Q45: Say nominal GDP was $603.9 billion in
Q46: The country of Old Jersey produces
Q47: Canada's current account has recently been negative.This
Q48: Use the following information to answer
Q49: Investment in the United States is greater
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents