A price index is: Select one: a. a comparison of the price of one product with...
Homework Answers
Answer
Option
e. a measure of changes in prices
A price index is a measure of changes in prices
there many types of it, the two most used in theoretical conversation in books
GDP deflator =(nominal GDP the year/real GDP of the year)*100
CPI =(cost of the basket in current year price /cost of the basket in base year price)*100
Add Answer to:
A price index is:
Select one:
a. a comparison of the price of one product with...
... STAY HOME 8:18 PM 18%O جوجو All Media 18/03/2020, 8:13 PM If intermediate goods and...
... STAY HOME 8:18 PM 18%O جوجو All Media 18/03/2020, 8:13 PM If intermediate goods and services were included in GDP, Select one: 2 the GDP would be overstated O b the GDP would there have to be deflated for changes in the price level O e nominal GDP would exceed real GDP. O d. the GDP would be understated A price index is Select one O a. a comparison of the current price of a market basket to a...
QUESTION 8 An example of intermediate goods would be OA sacks of groceries bought by a...
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...
21. In 2012, newspapers reported that the annual Consumer Price Index in 2011 was 120.0. From...
21. In 2012, newspapers reported that the annual Consumer Price Index in 2011 was 120.0. From this, we can conclude that a typical market basket in 2011 more than the same market would have cost basket purchased in a. 20%; the base year b. 120%; the base year c. 120%; 2010 d. 20%; 2010 22. The table below gives information on the the prices of three common school supplies in 2010 and 2011 and the quantities of each school supply...
ASSIGNMENT #5 9. One way the consumer price index (CPI) differs from the GDP chain price...
ASSIGNMENT #5 9. One way the consumer price index (CPI) differs from the GDP chain price index is that the CPI: uses current year quantities of goods and services b. a. includes separate market baskets of goods and services for both base and current years. includes only goods and services bought by typical urban consumers. d. C. is bias free. 10. Suppose a market basket of goods and services costs $1,000 in the base year and the consumer price index...
17. The consumer price index is used to convert nominal GDP into real GDP. turn dollar...
17. The consumer price index is used to convert nominal GDP into real GDP. turn dollar figures into meaningful measures of purchasing power. characterize the types of goods and services that consumers purchase. measure the quantity of goods and services that the economy produces. a b. C d. Por M 18. When the consumer price index falls, the typical family has to spend more dollars to maintain the same standard of living. b. can spend fewer dollars to maintain the...
Which one of the following statements is NOT true? We can use the index numbers to...
Which one of the following statements is NOT true? We can use the index numbers to determine the percentage change any year from the base year. The weighting percentage for the Paasche Index is always the percentage for the time period for which the index is being computed. The idea is that the prices in the base period should be weighted relative to their current use, not to what that use level was in other periods. You can use the...
Which of the following is NOT true about gross domestic product (GDP)? a. It includes only...
Which of the following is NOT true about gross domestic product (GDP)? a. It includes only final goods and services. b. The values are measured in current dollars c. Intermediate goods and services are excluded to prevent double counting. d. It includes the value of transfer payments. The gross domestic product (GDP) excludes: a. the value of intermediate goods produced. b. the spending by government on new roads and bridges. c. household spending on goods and services. d. the increase...
3. To measure how prices change over time economists are using: The index called the GDP...
3. To measure how prices change over time economists are using: The index called the GDP deflator The market value of all goods and services produced in a given year expressed in the prices of the same year The value of all goods and services produced in a given year in the prices of the base year Real GDP divided by the population
The concept of a price index is that it is a(n) a. measure of how the...
The concept of a price index is that it is a(n) a. measure of how the items included in the typical basket of goods have changed over time; it also includes price changes over time. b. measure of how the items included in the typical basket of goods have changed over time, while holding price changes constant. c. measure of how the prices included in the typical basket of goods have changed over time, holding the items in the consumption...
Which of the following is right about CPI and GDP deflator? Select one: a. CPI reflects...
Which of the following is right about CPI and GDP deflator? Select one: a. CPI reflects all goods and services produced domestically b. They both measure inflation c. They both measure nominal value relative to the real value d. GDP deflator is calculated using a fixed basket of consumer goods
... STAY HOME 8:18 PM 18%O جوجو All Media 18/03/2020, 8:13 PM If intermediate goods and services were included in GDP, Select one: 2 the GDP would be overstated O b the GDP would there have to be deflated for changes in the price level O e nominal GDP would exceed real GDP. O d. the GDP would be understated A price index is Select one O a. a comparison of the current price of a market basket to a...
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...
21. In 2012, newspapers reported that the annual Consumer Price Index in 2011 was 120.0. From this, we can conclude that a typical market basket in 2011 more than the same market would have cost basket purchased in a. 20%; the base year b. 120%; the base year c. 120%; 2010 d. 20%; 2010 22. The table below gives information on the the prices of three common school supplies in 2010 and 2011 and the quantities of each school supply...
ASSIGNMENT #5 9. One way the consumer price index (CPI) differs from the GDP chain price index is that the CPI: uses current year quantities of goods and services b. a. includes separate market baskets of goods and services for both base and current years. includes only goods and services bought by typical urban consumers. d. C. is bias free. 10. Suppose a market basket of goods and services costs $1,000 in the base year and the consumer price index...
17. The consumer price index is used to convert nominal GDP into real GDP. turn dollar figures into meaningful measures of purchasing power. characterize the types of goods and services that consumers purchase. measure the quantity of goods and services that the economy produces. a b. C d. Por M 18. When the consumer price index falls, the typical family has to spend more dollars to maintain the same standard of living. b. can spend fewer dollars to maintain the...
Most questions answered within 3 hours.
-
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 1 hour ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 57 minutes ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 1 hour ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 2 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 2 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 2 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 2 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 2 hours ago -
Why are polymers not typically casted into products?
asked 2 hours ago -
When rolling a die 129 times, what is the probability of rolling
a 6 no more...
asked 3 hours ago -
4. A call option currently sells for $7.75. It has a strike
price of $85 and...
asked 2 hours ago -
1.
You need to prepare 10.0 liters of an acid aqueous solution with a
pH of...
asked 2 hours ago