In February 2014,the price of petrol in Brisbane was $129 per litre and the CPI was 202.4 with a base period of 1990.What was the real price of petrol per litre in base period dollars?
A) $0.631 per litre
B) $1.00 per litre
C) $0.291 per litre
D) $1.856 per litre
E) $1.29 per litre
Correct Answer:
Verified
Q26: The bias in the CPI affects government
Q43: Real GDP is $140 billion and nominal
Q54: When we compare the records of the
Q80: In constructing the CPI,the ABS has to
Q81: When comparing the annual inflation rate in
Q82: Since 2009 the core inflation rate
A)has been
Q83: The Trimmed-Mean CPI excludes
A)the mean prices of
Q85: If prices have increased since the base
Q87: In 2001,Pablo earned $200 per week at
Q88: The core inflation rate
A)tends to fluctuate more
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