Nominal Government Purchases Were $2226

question 53

Multiple Choice

Nominal government purchases were $2226.2 billion in 2008 and rose to $2372.8 billion in 2009.Real government purchases were $1940.6 for 2008 and $1958.0 for 2009,where 2005 was the base year.Calculate the percent change in the chain-weight price index for government purchases (rounded to the nearest percentage point) from 2008 to 2009.

• A)2%
• B)4%
• C)6%
• D)8%

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Definitions:

Anthropoid Ancestor

The common ancestor of both apes and humans, belonging to the primate group known as anthropoids that exhibit characteristics like upright posture and increased brain size.

First Primates

The earliest members of the primate lineage, believed to have appeared in the Paleocene era, characterized by traits such as forward-facing eyes and grasping hands.

Fossil Evidence

Physical remnants of organisms, such as bones, shells, or leaves, preserved in rock, providing insight into the history of life on Earth.

Opposable Thumb

The arrangement of the fingers so that they are positioned opposite the thumb, enabling the organism to grasp objects.