If the cost of the CPI market basket at current period prices is $1000 and the cost of the CPI market basket at base period prices is $250, the CPI is
A) 100.
B) 2.50.
C) 4.0.
D) 250.
E) 400.
Correct Answer:
Verified
Q2: If prices have increased since the base
Q3: The Consumer Price Index (CPI)measures
A)the average of
Q4: Suppose that residents of France have seen
Q5: Joe buys chicken and beef. If the
Q8: If your nominal income is $80,000 and
Q9: In a small, agricultural nation, consumers buy
Q10: The real interest rate equals the
A)nominal interest
Q11: If the nominal wage is $30 in
Q12: For the purpose of measuring the cost
Q17: To measure the CPI,the BLS economic assistants
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