Economists Use the Price Index to Eliminate Year-To-Year Changes in GDP

question 35

Multiple Choice

Economists use the price index to eliminate year-to-year changes in GDP caused solely by changes in _____

• A) the exchange rate.
• B) the unemployment rate.
• C) fiscal spending.
• D) consumer demand.
• E) the price level.

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Definitions:

Trait Approach

An approach in psychology and leadership studies that suggests certain individual characteristics and qualities can make effective leaders.

Trait

A characteristic or quality that defines an individual and influences their behavior or attitudes.

Extraversion

A personality trait characterized by a tendency to be outgoing, sociable, and energetic, typically enjoying engagement in social settings and interactions.

Dominance

The exercise of power or influence over others to command, control, or prevail in a social or competitive setting.