25Which of these statements is true about inflation?O a. It shows changes in the general prices of goods and servicesput ofO b. It is calculated by comparing local prices with imported productsO c. It compares the relative changes of prices of agricultural and technological productsO d. It is always based on the prices of exports26Abeer is a skilled cheesemaker but due to the technology in making cheese, she lost her job. In which type ofunemployment does Abeer belong to?put ofO a. CyclicalO b. NaturalO c. StructuralO d. Frictional27Which of these is not accurate?O a. GDP covers outputs made in the pastout ofO b. GDP reflects medical expenditure but not mortality ratesO c. GDP is not an accurate measurehuman welfareO d. GDP does not measure income inequality

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Which of these statements is true about inflation? O a. It shows changes in the general prices of goods and services O b. It is calculated by comparing local prices with imported products O c. It compares the relative changes of prices of agricultural and technological products O d. It is always based on the prices of exports

Which of these statements is true about inflation? O a. It shows changes in the general prices of goods and services O b. It is calculated by comparing local prices with imported products O c. It compares the relative changes of prices of agricultural and technological products O d. It is always based on the prices of exports

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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