If the inflation rate measured by the GDP deflator is 3%, the
CPI inflation rate is 2% and the prices of the domestically
produced consumption items increased by 3%, which of the following
statements is true?
a) the average price of the domestically produced consumption items
increased by less than the average price of the imported
consumption items
b) the average price of the imported consumption items increased by
less than the average price of the domestically produced
non-consumption items.
c) the average price of the imported consumption items increased by
the same percentage points as did the average price of the
domestically produced non-consumption items.
d) the average price of the imported consumption items increased by
more than the average price of the domestically produced
non-consumption items.
A bank initially had total assets worth $80 billion and
capital (owner's equity) worth %10 billion. If the value of its
assets increased by 10%, what would be the increase in its
capital?
a) 20%
b) 80%
c) 10%
d) 50%
If the inflation rate measured by the GDP deflator is 3%, the CPI inflation rate is 2% and the prices of the domesticall
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
If the inflation rate measured by the GDP deflator is 3%, the CPI inflation rate is 2% and the prices of the domesticall
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!