Without additional data, the value of the GDP price index cannot be known for any year in the graph above. The GDP price index is less than 100 in 2010. The GDP price index is greater than 100 in 1990. The GDP price index equals 100 in 2000.

Without additional data, the value of the GDP price index cannot be known for any year in the graph above. The GDP price index is less than 100 in 2010. The GDP price index is greater than 100 in 1990. The GDP price index equals 100 in 2000.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 1.1P

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Without additional data, the value of the GDP price index cannot be known for any year in the graph above.
The GDP price index is less than 100 in 2010.
The GDP price index is greater than 100 in 1990.
The GDP price index equals 100 in 2000.

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