Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Lopezj273 Lopezj273
wrote...
Go to Answer
Posts: 447
Rep: 12 0
5 years ago

Question 1.

The GDP deflator in year 2 is 95 using year 1 as a base year. This means that, on average, the price of goods and services is



▸ 105% higher in year 2 than in year 1.

▸ 5% higher in year 2 than in year 1.

▸ 5% higher in year 1 than in year 2.

▸ 105% higher in year 1 than in year 2.

Question 2.

When GDP is measured in "current prices" it is known as the



▸ real GDP.

▸ nominal GDP.

▸ real GNP.

▸ nominal GNP.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 63 times
1 Reply
Replies
Answer verified by a subject expert
Antoinette12Antoinette12
wrote...
#1
Posts: 386
Rep: 53 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Lopezj273 Author
wrote...

5 years ago
Smart ... Thanks!
kobbhy
wrote...

Yesterday
Brilliant ツ
hmonier
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1496 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 392
  
 1007
  
 223
Your Opinion
What's your favorite funny biology word?
Votes: 401
Previous poll results: Should Ph.D.'s be addressed as doctors?