Question

QUESTION 8 An example of intermediate goods would be OA sacks of groceries bought by a dentist for his family OB bricks bought by a homeowner for constructing a patio OC paper and ink bought by a publishing company OD cars bought by a car-rental company QUESTION 9 A price index is arket basket of goods and services in a base period divided by the cost of the same market basket in another periocd OB a comparison of real GDP in one period relative to another O C a ratio of real GDP to nominal GDP OD a comparison of the current price of a market basket to a fixed point of reference

Answer 1

8. B

It is because intermediate goods are those which help in finishing a good. And bricks will complete the construction of a patio.

9. D

Comparison of current basket of market to a base year. Changes in the level of prices is measured using a scale which is called price index.