Uses a market basket in calculation

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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.

  • True
  • False

Which one of the following uses a "market basket" in its calculation?

  • real GDP
  • nominal GDP
  • CPI
  • core CPI
  • GDP deflator

Reference no: EM131935989

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