Author Question: Refer to Table 20-2. Assume the market basket for the consumer price index has two productsbread and ... (Read 67 times)

Bob-Dole · **on:** Jun 29, 2018

Refer to Table 20-2. Assume the market basket for the consumer price index has two productsbread and milkwith the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals

A) 118. B) 116. C) 86. D) 85.

Question 2

In the United States, the annual growth rate of real GDP per hour worked between 2006 and 2014 averaged

A) -0.3. B) 1.2. C) 6.9. D) 10.2.