Multiple Choice
The United States of Barbeque produces two goods: Hot Dogs and Hamburgers. Use the following information to calculate the GDP Deflator for 2012, assuming the base year is 2010.
Table of contents
- 0. Basic Principles of Economics1h 5m
- Introduction to Economics3m
- People Are Rational2m
- People Respond to Incentives1m
- Scarcity and Choice2m
- Marginal Analysis9m
- Allocative Efficiency, Productive Efficiency, and Equality7m
- Positive and Normative Analysis7m
- Microeconomics vs. Macroeconomics2m
- Factors of Production5m
- Circular Flow Diagram5m
- Graphing Review10m
- Percentage and Decimal Review4m
- Fractions Review2m
- 1. Reading and Understanding Graphs59m
- 2. Introductory Economic Models1h 10m
- 3. The Market Forces of Supply and Demand2h 26m
- Competitive Markets10m
- The Demand Curve13m
- Shifts in the Demand Curve24m
- Movement Along a Demand Curve5m
- The Supply Curve9m
- Shifts in the Supply Curve22m
- Movement Along a Supply Curve3m
- Market Equilibrium8m
- Using the Supply and Demand Curves to Find Equilibrium3m
- Effects of Surplus3m
- Effects of Shortage2m
- Supply and Demand: Quantitative Analysis40m
- 4. Elasticity2h 26m
- Percentage Change and Price Elasticity of Demand19m
- Elasticity and the Midpoint Method20m
- Price Elasticity of Demand on a Graph11m
- Determinants of Price Elasticity of Demand6m
- Total Revenue Test13m
- Total Revenue Along a Linear Demand Curve14m
- Income Elasticity of Demand23m
- Cross-Price Elasticity of Demand11m
- Price Elasticity of Supply12m
- Price Elasticity of Supply on a Graph3m
- Elasticity Summary9m
- 5. Consumer and Producer Surplus; Price Ceilings and Floors3h 45m
- Consumer Surplus and Willingness to Pay38m
- Producer Surplus and Willingness to Sell26m
- Economic Surplus and Efficiency18m
- Quantitative Analysis of Consumer and Producer Surplus at Equilibrium28m
- Price Ceilings, Price Floors, and Black Markets38m
- Quantitative Analysis of Price Ceilings and Price Floors: Finding Points20m
- Quantitative Analysis of Price Ceilings and Price Floors: Finding Areas54m
- 6. Introduction to Taxes and Subsidies1h 46m
- 7. Externalities1h 12m
- 8. The Types of Goods1h 13m
- 9. International Trade1h 16m
- 10. The Costs of Production2h 35m
- 11. Perfect Competition2h 23m
- Introduction to the Four Market Models2m
- Characteristics of Perfect Competition6m
- Revenue in Perfect Competition14m
- Perfect Competition Profit on the Graph20m
- Short Run Shutdown Decision33m
- Long Run Entry and Exit Decision18m
- Individual Supply Curve in the Short Run and Long Run6m
- Market Supply Curve in the Short Run and Long Run9m
- Long Run Equilibrium12m
- Perfect Competition and Efficiency15m
- Four Market Model Summary: Perfect Competition5m
- 12. Monopoly2h 13m
- Characteristics of Monopoly21m
- Monopoly Revenue12m
- Monopoly Profit on the Graph16m
- Monopoly Efficiency and Deadweight Loss20m
- Price Discrimination22m
- Antitrust Laws and Government Regulation of Monopolies11m
- Mergers and the Herfindahl-Hirschman Index (HHI)17m
- Four Firm Concentration Ratio6m
- Four Market Model Summary: Monopoly4m
- 13. Monopolistic Competition1h 9m
- 14. Oligopoly1h 26m
- 15. Markets for the Factors of Production1h 26m
- 16. Income Inequality and Poverty35m
- 17. Asymmetric Information, Voting, and Public Choice39m
- 18. Consumer Choice and Behavioral Economics1h 16m
- Unions Coming soon
- Firms, the Stock Market, and Corporate Governance Coming soon
- Health Care Coming soon
- Uncertainty and Risk Coming soon
- Balance of Payments Coming soon
- Exchange Rates Coming soon
- Rent, Interest, and Profit (Brue) Coming soon
- Measuring National Output and Income (MACROECONOMICS)54m
- Unemployment and Inflation (MACROECONOMICS)1h 34m
- Labor Force and Unemployment10m
- Types of Unemployment12m
- Unemployment: Minimum Wage Laws and Efficiency Wages7m
- Inflation and Consumer Price Index (CPI)16m
- Using CPI to Adjust for Inflation7m
- Problems with the Consumer Price Index (CPI)5m
- Nominal Income and Real Income12m
- Nominal Interest, Real Interest, and the Fisher Equation5m
- Who is Affected by Inflation?5m
- Demand-Pull and Cost-Push Inflation6m
- Costs of Inflation: Shoe-leather Costs and Menu Costs4m
- Productivity and Economic Growth (MACROECONOMICS)1h 4m
- The Financial System (MACROECONOMICS)1h 30m
- Income and Consumption (MACROECONOMICS)57m
- Deriving the Aggregate Expenditures Model (MACROECONOMICS)1h 14m
- Aggregate Demand and Aggregate Supply Analysis (MACROECONOMICS)1h 22m
- Aggregate Demand17m
- Deriving Aggregate Demand from the Aggregate Expenditure Model12m
- Shifting Aggregate Demand4m
- Long Run Aggregate Supply9m
- Short Run Aggregate Supply7m
- Shifting Short Run Aggregate Supply8m
- AD-AS Model: Equilibrium in the Short Run and Long Run5m
- AD-AS Model: Shifts in Aggregate Demand18m
- The Monetary System (MACROECONOMICS)58m
- The Functions of Money; The Kinds of Money8m
- Defining the Money Supply: M1 and M22m
- Required Reserves and the Deposit Multiplier8m
- Introduction to the Federal Reserve8m
- The Federal Reserve and the Money Supply11m
- History of the US Banking System9m
- The Financial Crisis of 2007-2009 (The Great Recession)10m
- Monetary Policy (MACROECONOMICS)1h 26m
- Fiscal Policy (MACROECONOMICS)52m
- Tradeoffs Between Inflation and Unemployment (MACROECONOMICS)1h 2m
- Open-Economy Macroeconomics (MACROECONOMICS)1h 44m
- Balance of Payments: Introduction5m
- Balance of Payments: Current Account8m
- Balance of Payments: Financial Account and Capital Account7m
- Net Exports Equal Net Foreign Investment7m
- Balance of Trade; Trade Deficit and Trade Surplus6m
- Exchange Rates: Introduction14m
- Exchange Rates: Nominal and Real13m
- Exchange Rates: Equilibrium8m
- Exchange Rates: Shifts in Supply and Demand11m
- Exchange Rates and Net Exports6m
- Exchange Rates: Purchasing Power Parity3m
- The Gold Standard4m
- The Bretton Woods System6m
- Macroeconomic Schools of Thought (MACROECONOMICS)31m
- Dynamic AD/AS Model (MACROECONOMICS)32m
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