Ejercicio 1 - Mesura de l'activitat: PIB, deflactor i IPC · Introducció a la Macroeconomia UPF 2024

Tema: Mesura de l'activitat: PIB, deflactor i IPC · Del examen Sample Exam 2024 (2024)

Enunciado

Questions 1-10: Multiple choice part 1

Select the single correct alternative for each of the following questions:

1 Questions 1-10: Multiple choice part 1

Select the single correct alternative for each of the following questions:

a.

Which category of prices enters the Consumer Price Index (CPI) while being excluded from the GDP deflator?

b.

What does core (underlying) inflation measure?

c.

If an economy records positive real GDP growth in a specific year, what can be stated with certainty?

d.

Consider the assertion: "conventional GDP may not be a sufficient statistic for estimating the impact of the 'Internet Age'". Which argument supports this view?

Enunciado: Ejercicio 1 - Mesura de l'activitat: PIB, deflactor i IPC · Introducció a la Macroeconomia UPF 2024

Solución

Según los criterios oficiales de corrección

a. Which category of prices enters the Consumer Price Index (CPI) while being excluded from the GDP deflator?

Solución: 2. The retail price of imported food items.

b. What does core (underlying) inflation measure?

Solución: 2. The inflation rate computed after removing food and energy prices.

c. If an economy records positive real GDP growth in a specific year, what can be stated with certainty?

Solución: 1. The aggregate physical volume of goods and services produced expanded.

d. Consider the assertion: "conventional GDP may not be a sufficient statistic for estimating the impact of the 'Internet Age'". Which argument supports this view?

Solución: 4. All of the above statements are correct.

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