If the basket of goods and services used to calculate the CPI ...

[jman1234]

If the basket of goods and services used to calculate the CPI cost 200 in the reference base period and 450 in a later year, the CPI for the latter year equals
 
  A) 200.
  B) 225.
  C) 325.
  D) 450.

Question 2

A tradeoff is
 
  A) represented by a point inside a PPF.
  B) represented by a point outside a PPF.
  C) a constraint that requires giving up one thing to get another.
  D) a transaction at a price either above or below the equilibrium price.

[connor417]

Answer to Question 1

B

Answer to Question 2

C

[jman1234]

Excellent

[lkanara2]

Gracias!