A ham and cheese sandwich at the local deli costs 4.99 in 2005. If the CPI in 2005 was 90.0 and the CPI today is 121.0, the equivalent price for the ham and cheese sandwich today is
A) 6.71. B) 5.29. C) 4.99. D) 6.04. E) 5.54.
Question 2
When U.S. official reserves ________, the official settlements account balance becomes negative and when U.S. official reserves ________, the official settlements account balance becomes positive.
A) increase; decrease
B) decrease; increase
C) increase; increase
D) decrease; decrease
E) More information is needed about the balances on the current account and the capital account in order to answer this question.
This is a still image from an animation of ocean surface currents from June 2005 to December 2007
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