If your nominal income is $80,000 and your real income in base year prices is $71,500, what is the
CPI?
A) 100
B) 89
C) 106
D) 150
E) 112
Correct Answer:
Verified
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
Q7: If the cost of the CPI market
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
Q13: The GDP deflator measures
A)the price level.
B)nominal GDP.
C)the
Q17: To measure the CPI,the BLS economic assistants
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