A Decrease in the Price of Domestically Produced Industrial Robots

question 35

Multiple Choice

A decrease in the price of domestically produced industrial robots will be reflected in

• A)both the GDP deflator and the consumer price index.
• B)neither the GDP deflator nor the consumer price index.
• C)the GDP deflator but not in the consumer price index.
• D)the consumer price index but not in the GDP deflator.

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Definitions:

Percentage Point

A percentage point is a unit for expressing differences in percentages, helping to clarify changes in percent values over time by denoting the absolute difference between them.

Standard and Poor's

A financial services company known for its stock market indices such as the S&P 500, as well as its rating services for bonds and other securities.

Stock Split

Issue by a corporation of a given number of shares in exchange for shares currently held by stockholders. A split increases the number of shares outstanding. A reverse split decreases the number outstanding.

Divisor

A number by which another number is to be divided.