Compared to 2009, when the Great Recession ended, in 2014 the U.S. Bureau of Labor Statistics reported that about about 10 million more people were on firms' payrolls (i.e., had a job). In reality, many more than 10 million jobs were created over those 5 years.
Which one of the following uses a "market basket" in its calculation?
- real GDP
- nominal GDP
- core CPI
- GDP deflator
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- Could there be more than one answer for the second question?
- Apr 07, 2018 at 4:53pm