The GDP price index measures changes in the . rev: 04_09_2018 Multiple Choice cost of resources employed in the nation prices of the output produced in the nation value of final output produced in the nation amount of resources available in the nation

prices of the output produced in the nation

Explanation:

Just as its name, the GDP price index measures the changes in the prices of the output produced in the nation. It takes note of such economic conditions like inflation (increase in general price level) or deflation (decrease in general price level) of an economy.

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.