The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011.
- The CPI in 2012 is
A) 118.8
B) 100.
C) 18.8
D) 123.1
E) 23.1
Correct Answer:
Verified
Q37: During this year, nominal GDP in Syldavia
Q38: A country reports the total expenditures on
Q39: Suppose that last year, the price of
Q40: The bias in the CPI distorts private
Q41: The real interest rate is negative if
Q43: The average starting salary for a history
Q44: Nominal and real wage rates
A)must always change
Q45: Each month the CPI is calculated by
A)multiplying
Q46: The CPI bias was estimated by the
Q47: The CPI is calculated by the Bureau
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents