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4 Aug 2019
Answer at least two parts of this GDP question, which has three parts (A, B, C)
A) Real GDP is the value of goods and services measured in
- Current prices
- Real Prices
- Inflated prices
- Constant (or base prices)
B) Which of the following is a difference between CPI and GDP Deflator?
- Deflator measures the prices of all goods and services, CPI does not
- CPI measures the prices of all goods and services, deflator does not
-Both of the above
-None of the above
C) Which of the following is not a problem with CPI?
a) Substitution bias
b) New goods
c) Quality changes
d) The way GDP deflator is calculated.
Answer at least two parts of this GDP question, which has three parts (A, B, C)
A) Real GDP is the value of goods and services measured in
- Current prices
- Real Prices
- Inflated prices
- Constant (or base prices)
B) Which of the following is a difference between CPI and GDP Deflator?
- Deflator measures the prices of all goods and services, CPI does not
- CPI measures the prices of all goods and services, deflator does not
-Both of the above
-None of the above
C) Which of the following is not a problem with CPI?
a) Substitution bias
b) New goods
c) Quality changes
d) The way GDP deflator is calculated.
2 Jun 2021
