Part I - Mesura de l'activitat: PIB, deflactor i… · Introducció a la Macroeconomia UPF 2021

Tema: Mesura de l'activitat: PIB, deflactor i IPC · Del examen Final Exam - March 2021 (2021)

Enunciado

Part I: Questions 1-20 (5 points). Multiple Choice Section

Choose the single correct option for each of the following questions:

a.

Regarding price indices and inflation:

b.

During the late 1990s, Japan experienced a declining GDP deflator. From this information, we know with certainty that:

Enunciado: Part I - Mesura de l'activitat: PIB, deflactor i… · Introducció a la Macroeconomia UPF 2021

Solución

Según los criterios oficiales de corrección

a. Regarding price indices and inflation:

Solución: 4. When employees foresee an increase in the general price level, they seek higher nominal wages during collective bargaining.

b. During the late 1990s, Japan experienced a declining GDP deflator. From this information, we know with certainty that:

Solución: 3. The aggregate price level of domestically produced goods in Japan declined during this time.

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