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Macroeconomics Theory and Practice

Showing 1-75 of 133 answers

__________ is described as a fixed-weight price index (also referred to as a Laspeyres price index), which measures the cost of a fixed basket of goods relative to a base period
  • current-year total cost of market basket of goods and services / base-year total cost of market basket of goods and services Correct
___________ is also known as the Implicit GDP Deflator or Implicit Price
  • Nominal (current-dollar) GDP /Real (constant-dollar) GDP * Correct
Ceteris paribus, means
  • Other things being equalCorrect Correct
Compute the opportunity cost , where 10 mobile phones is to 5 Simcards.
  • The correct answers are: _________ simcard., 1/2 Correct
Compute the opportunity cost , where mobile phones is to Simcards
  • The correct answers are: _________ simcard, /Correct Correct
Consumer Price Index (CPI) includes
  • Only goods and services purchased by households included Quantities fixed (the market basket) Imports (of consumer goods) included Correct
consumers) produced by a nation during a specific period, usually 1 year.
  • consumers) produced by a nation during a specific period, usually 1 year. Correct
consumers) produced by a nation during a specific period, usually year
  • consumers) produced by a nation during a specific period, usually yearCorrect Correct
Deflation Rate = Price Index Year 2 - Price Index Year 1 /Price Index Year 1 * 100
  • Price Index Year - Price Index Year /Price Index Year * Correct
Economic growth is
  • The change in the physical output of an economy, typically measured as the change in Real GDPCorrect Correct
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