Q.1.6GDP atprices will usually be greater than GDP atprices because of(1)Constant; current; inflation;(2)Current; constant; inflation;(3)Constant; current; depreciation;(4)Current; constant; depreciation.Q.1.7As a result of more Europeans visiting South Africa, we can expect, ceterisparibus:(1)An appreciation of the rand relative to the euro;(2)A depreciation of the rand relative to the euro;(3)An appreciation of the euro relative to the rand;(4)That it will cost South Africans more to visit Europe.

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Q.1.6 GDP at prices will usually be greater than GDP at prices because of (1) Constant; current; inflation; (2) Current; constant; inflation; (3) Constant; current; depreciation; (4) Current; constant; depreciation.

Q.1.6 GDP at prices will usually be greater than GDP at prices because of (1) Constant; current; inflation; (2) Current; constant; inflation; (3) Constant; current; depreciation; (4) Current; constant; depreciation.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 25CTQ: Cross country comparisons of GDP per capita typically use purchasing power parity equivalent...

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Question

Q.1.6
GDP at
prices will usually be greater than GDP at
prices because of
(1)
Constant; current; inflation;
(2)
Current; constant; inflation;
(3)
Constant; current; depreciation;
(4)
Current; constant; depreciation.
Q.1.7
As a result of more Europeans visiting South Africa, we can expect, ceteris
paribus:
(1)
An appreciation of the rand relative to the euro;
(2)
A depreciation of the rand relative to the euro;
(3)
An appreciation of the euro relative to the rand;
(4)
That it will cost South Africans more to visit Europe.

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