We can conclude that there has been inflation since the base year if the GDP price index in the current year is
A) positive
B) equal to zero
C) less than 100
D) greater than 100
E) negative
Correct Answer:
Verified
Q96: If nominal GDP increases by 4 percent,
Q157: If nominal GDP increases by 3 percent
Q158: Nominal GDP is measured in
A)current-year prices
B)base-year prices
C)real
Q159: If the price index for 2008 was
Q160: If the GDP deflator is 100 this
Q162: If the CPI this year is 162
Q163: In order to convert nominal GDP to
Q164: The Consumer Price Index is a measure
Q165: If the GDP price index rises from
Q166: The CPI overstates the true inflation rate
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