Table 13-3

-Refer to Table 13-3.Assume the market basket for the consumer price index has three products - Cokes,hamburgers,and CDs - with the following values in 2006 and 2011 for price and quantity: The Consumer Price Index for 2011 equals
A) 75.
B) 93.
C) 108.
D) 121.
Correct Answer:
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Q88: Assume the average annual CPI values for
Q99: Table 13-5 Q101: Table 13-9 Q145: A consumer price index of 160 in Q147: The percent increase in the CPI from Q161: The substitution bias in the consumer price Q166: The "new product bias" in the consumer Q172: The Bureau of Labor Statistics has taken Q180: To reduce the bias in the consumer Q229: The nominal interest rate equals the real
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