In 1970, the CPI was 39 and in 2000 it was 172. A local phone call cost $0.10 in 1970. What is the
Price of this phone call in 2000 dollars?
A) $0.44
B) $1.72
C) $0.23
D) $1.42
E) $0.39
Correct Answer:
Verified
Q13: The GDP deflator measures
A)the price level.
B)nominal GDP.
C)the
Q14: The CPI is reported once every
A)quarter.
B)other year.
C)year.
D)week.
E)month.
Q15: An example of the commodity substitution bias
Q16: Consumers in Beachland consume only two goods,
Q17: The CPI was 170 last year and
Q19: Suppose the Bureau of Labor Statistics uses
Q20: Economists agree that the CPI
A)is a near
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