If the GDP deflator for this year is 80, we know for sure that prices have   1..       gone up by 80% compared to the previous year 2.     gone down by 20% compared to the base year 3.      gone down by 80% compared to the previous year 4.     gone up by 20% compared to the base year   

Which of the following is an example of barter? 1. A parent gives a teenager a $10 bill in exchange for her babysitting 2. A homeowner gives an exterminator a check for $50 in exchange for extermination 3. A barber gives a plumber a haircut in exchange for the plumber fixing the barber’s leaky faucet 4. All of the above are examples of barter

Stock prices go up based off the companies          future expected profits risk exposure    liquidity increases            leverage capability

If the GDP deflator is less than ______, we know prices have fallen.

In order to calculate real GDP you will always use the prices from the _______ year.

Prices and Quantities Year Price of Cereal Quantity of Cereal Price of Milk Quantity ofMilk 2017 $5.00 150 $2.50 200 2018 $6.00 180 $3.50 240 This country’s inflation rate from 2017 to 2018 was 20.0%. 21.8%. 28.9%. 28.0%.

Goods that are included in the production of final goods but not included in GDP are known as intermediate  complementary  incomplete                 manufacture

As the price elasticity of supply approaches infinity, very small changes in price lead to 1. very large changes in quantity supplied 2. very small changes in quantity supplied 3. no change in quantity supplied 4. None of the above is correct

Which country was known to have had a one child policy to reduce their population? 1. North Korea 2. Cuba 3. Russia 4. China

When a business is operating by accepting only cash payments to avoid paying taxes they are part of the _________ economy.