Inflation & Productivity

A. 3/8 percent
B. 5 percent
C. 11 percent
D. 24 percent

A. fallen
B. You can’t tell without knowing the base year
C. risen
D. stayed the same

A. none of these answers
B. substitution bias
C. base year bias
D. bias due to unmeasured quality change
E. bias due to the introduction of new goods.

A. An increase in the price of BMWs produced in Germany and sold in the Pakistan
B. An increase in the price of Peugeots produced in the Pakistan
C. An increase in the price of helicopters purchased by the Pak Navy.
D. An increased in the Price of domestically produced armoured vehicles sold exclusively to Iran

A. All of these answers are used to measure inflation.
B. consumer price index
C. Producer price index
D. GDP deflector
E. finished goods price index