If the GDP Deflator Is 142, by How Much Have

question 109

Multiple Choice

If the GDP deflator is 142, by how much have prices changed since the base year?

• A)Prices have increased by 42%.
• B)Prices have increased by 142%.
• C)Prices have decreased by 4.2%.
• D)Prices have increased by 58%.
• E)Prices have increased by 70.5%.

Understand the concept and significance of milestones in project management.

Comprehend the importance of resource calendars in both forward and backward passes.

Grasp how to execute a master schedule by breaking down major activities and assigning resources.

Learn the relationship between early and late start dates and the concept of total float in critical path methodology.

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Definitions:

Long-Run Average Cost Curve

A graphical representation showing the minimum average cost of producing any given level of output when all inputs, including capital, are variable.

Short-Run Average Cost Curve

A graphical representation that shows how the average cost of production changes with varying output levels in the short term.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, leading to a decreased cost per unit.

Long-Run Cost

The cost of production when all inputs, including both fixed and variable factors, can be fully adjusted, often leading to economies of scale.