If your nominal income is $75,000 and your real income in base year prices is $60,000, what is the
CPI?
A) 100
B) 125
C) 200
D) 250
E) 80
Correct Answer:
Verified
Q23: The Consumer Price Index measures the average
Q24: Q25: When a good gets better from one Q26: The CPI is biased because it Q27: When firms decide how much labor to Q29: If the CPI is 170 at the Q30: The nominal wage rate is the Q31: The items included in the CPI are Q32: Since 1305, of the following centuries the Q33: The difference between nominal and real is
A)does not
A)average hourly
A)goods
A)nominal
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