Ask Question
BusinessBusiness
23 February, 07:33

An economics professor is discussing a measure of inflation over time based on a basket of goods comprised of all the components of GDP. Which measure is it?

+1
Answers (1)
  1. 23 February, 11:12
    0
    GDP Price Deflator

    Explanation:

    GDP price deflator is a measure of the general changes in the price level of all the finished goods and services in a country in a period. While GDP is a measure of the total output in an economy, the GDP price deflator shows the extent to which prices changed in a period. In proving the effects of price changes, the GDP deflator identifies a base year then compares the current prices to base year prices.

    The GDP price deflator allows economists to compare the GDP of different periods while considering the inflation between those periods. It does this by comparing the nominal GDP with the real GDP.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An economics professor is discussing a measure of inflation over time based on a basket of goods comprised of all the components of GDP. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Horton Industries' shareholders' equity included 140 million shares of $1 par common stock and a balance in paid-in capital - excess of par of $1,120 million.
Answers (1)
What key stage involves defining your project? a. Representing your data in a trustworthy manner b. Working with data c. Developing your design solution d. Formulating your brief
Answers (1)
According to the product life cycle model, profits tend to: remain relatively constant until the decline stage, when they begin to drop. reach a peak near the end of the maturity stage. peak before sales reach their highest level.
Answers (1)
A closed economy a. does not engage in international trade of goods and services. b. does not engage in international borrowing or lending. c. both A and B d. engages in international borrowing and lending.
No Answers
Joe wants to be able to purchase a dream car on January 1,2004, just after he graduates from college. Joe has had a part time job and started making deposits of $475 each month into an account that pays 18% compounded monthly beginning with the
Answers (1)
New Questions in Business
An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $43. The shares pay a dividend of $3 per share during the six months. What is the investor's profit or loss? a.
Answers (1)
Which term refers to the beginning of the constitution?
Answers (1)
The risks of a focus strategy include: a. decisions by focused competitors to use their resources to serve a wider range of customers' needs. b.
Answers (1)
Floyd Industries stock has a beta of 1.30. The company just paid a dividend of $.30, and the dividends are expected to grow at 4 percent per year. The expected return on the market is 13 percent, and Treasury bills are yielding 4.5 percent.
Answers (1)
Martin is offered an investment where for $ 6 comma 000 today, he will receive $ 6 comma 420 in one year. He decides to borrow $ 6 comma 000 from the bank to make this investment.
Answers (2)
Home » Business » An economics professor is discussing a measure of inflation over time based on a basket of goods comprised of all the components of GDP. Which measure is it?
Sign Up Forgot Password?