All of the following are components of the formula used to calculate gross domestic product except:

What does the consumer price index measure?

Which of the following is correct regarding the CPI for measuring the estimated decrease in a company's buying power?

The CPI rises from 131 in year 1 to 136.5 in year 2. What is the annual inflation rate?

If the nominal interest rate is 10% and the rate of inflation is 5%, the real interest rate is:

Under perfect or pure competition, ____ suppliers and customers act independently and there are ____ barriers to entry.