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hurts; doesn't affect
helps; hurts
hurts; hurts
hurts; helps
helps; helps
The consumer price index is an index measuring the level of prices in the economy and comparing them to previous years in order to gauge (измерять) the level of inflation inside the economy.
But economists also use what's called the GDP deflator. The formula for the GDP deflator is as follows: GDP deflator = nominal GDP / real GDP. The GDP deflator is considered by economists to be the best measure of changes in the price level of a nation's gross domestic product and more accurate than the consumer price index because it doesn't depend on a fixed basket of goods like the consumer price index does.
64. The GDP Deflator is considered superior to the Consumer Price Index because:
it is published by the government
it accounts for deflation
it is entirely based on a fixed basket of goods
it is not based on a fixed basket of goods
it measures changes in prices
If the Consumer Price Index is said to start at 100 in the year 2010 and then the index increases to 103 in 2011, we can quickly calculate that prices in our economy have risen by 3 divided by 100, which is 3%. That means the inflation rate is 3% and that $1 will buy 3% fewer goods and services than it did at the end of the previous year.
65. If The Consumer Price Index is equal to 100 in year 1, and 103 in year 2, this means that:
prices will never change
prices have remained constant
prices have declined by 3%
prices only include what suppliers paid to produce the goods
prices have risen by 3%
66. The GDP Deflator represents:
the intersection of supply and demand
the ratio of real GDP to nominal GDP
the amount by which taxes deflate economic growth
the ratio of nominal GDP to real GDP
the amount by which the economy suffers from deflation
67. Which if the following is considered the best measure of changes in prices by economists?
the GDP Deflator
the marginal tax rate
the Consumer Price Index
the Unemployment Rate
the Phillips Curve (кривая, демонстрирующая отрицательную зависимость между инфляцией и безработицей; подразумевает, что снижение безработицы сопровождается ростом цен и зарплаты и наоборот)
68. The Consumer Price Index measures:
changes in the price level of an economy.
changes in tax rates.
changes in the quantity supplied in an economy.
changes in depreciation.
changes in unemployment.
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