Between the Base Period and the Next Period,prices Stay Constant

question 9

Multiple Choice

Between the base period and the next period,prices stay constant.The GDP price index in the next period

• A)cannot be calculated without knowing how much the quantity changed.
• B)will equal 0 because there is no change.
• C)is equal to 100 because there is no change.
• D)is equal to 1 because there is no change.
• E)is equal to 50 because there is no change.

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Definitions:

Assertiveness

The quality of being self-assured and confident without being aggressive, in order to express one's opinions and desires effectively.

Compromise

A process of finding a middle ground between two conflicting positions, where each party makes concessions to reach an agreement.

Implausible Demand

A request or expectation that is unlikely to be met due to its unreasonable nature.

Error

A mistake or inaccuracy, often made unintentionally, that can lead to deviations from expected or desired outcomes.