If inventories fall by $2 billion, consumption increases by $10 billion, unemployment insurance payments decline by $4 billion, and imports rise by $1 billion, measured GDP should rise by?

 

 

The CPI (base year 1989) for 1990 is 110, for 1991 is 120, and for 1992 is If the base year is changed from 1989 to 1992, what is the CPI for 1990?

Answer rating: 100% (QA)

To calculate the impact on the GDP due to the given changes we can use the formula GDP C I G Ex ... View the full answer