Question 1 A price index iswhile a base yearis Selected Answer. a measure of the

Question

Question 1 A price index iswhile a base yearis Selected Answer. a measure of the average price of goods and services purchased by the typical household, the year against which other years are measured Answers the year against which other years are measured a measure of the average price level in an economy a broad measure of the prices of goods and services included in the gross domestic product, the year against which other years are measured a measure of the average price of goods and services purchased by the typical household, the year against which other years are measured a measure of the average price level in an economy; the year against which other years are measured an automatic increase in wages that matches increases in items, the year against which other years are measured

Explanation / Answer

Question1

Answer D is correct answer as price index is average price level for economy not for typical household

Ans for 7

Chosen option is correct

Ans 9

Changes in inventory whether sold or unsold always count under I in GDP

Ans 10

A record of country's trade in good, services and financial assets with rest of the world.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.