If a country had a CPI of 105.0 last year and a CPI of 102.0 this year,then
A) the average prices of goods and services increased between last year and this year.
B) the average prices of goods and services decreased between last year and this year.
C) the average quality of goods and services decreased between last year and this year.
D) there was an error when calculating the CPI this year.
E) the quantity of consumer goods and services produced decreased between last year and this year.
Correct Answer:
Verified
Q84: Suppose the CPI last year was 82.3
Q85: If the current period has a CPI
Q86: In the United States between 1973 and
Q87: Looking at the annual inflation rates in
Q88: If we look back at inflation data
Q90: Suppose a report from the Bureau of
Q91: In the United States,the good or service
Q92: In the United States,the inflation rate since
Q93: According to the historical record of inflation
Q94: The CPI is reported once every
A)year.
B)quarter.
C)month.
D)week.
E)other year.
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