Author Question: If the CPI basket of goods cost 200 in the reference base period and 450 in a later year, the CPI in ... (Read 96 times)

neverstopbelieb · **on:** Jun 29, 2018

If the CPI basket of goods cost 200 in the reference base period and 450 in a later year, the CPI in the later year equals

A) 225.
B) 250.
C) 300.
D) 450.

Question 2

Most students attending college pay tuition and are unable to hold a full-time job. For these students, tuition is

A) part of the opportunity cost of going to college. So are their forgone earnings from not holding a full-time job.
B) part of the opportunity cost of going to college. Their forgone earnings from not holding a full-time job are not part of the opportunity cost of attending college.
C) not part of the opportunity cost of going to college, but their forgone earnings from not holding a full-time job are part of the opportunity cost of attending college.
D) not part of the opportunity cost of going to college. Neither are their forgone earnings from not holding a full-time job.