This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The table above gives the CPI market basket for 2010 and 2011. Suppose that 2010 is the reference ... (Read 113 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: Jun 29, 2018
The table above gives the CPI market basket for 2010 and 2011. Suppose that 2010 is the reference base period.
 
  a. What is the cost of the CPI market basket in 2010?
  b. What is the cost of the CPI market basket in 2011?
  c. What is the CPI for 2010?
  d. What is the CPI for 2011?

Question 2

The natural unemployment rate is the unemployment rate that exists when there is no
 
  A) cyclical unemployment.
  B) frictional unemployment.
  C) structural unemployment.
  D) unnecessary unemployment.
  E) cyclical or structural unemployment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jun 29, 2018
Answer to Question 1

a. The cost of the CPI market basket in 2010 is 1,520.00.
b. The cost of the CPI market basket in 2011 is 1,712.50.
c. The CPI for 2010 is 100 because 2010 is the base period.
d. The CPI for 2011 equals (1,712.50)/(1,520.00 )  100 = 112.66.

Answer to Question 2

A


Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: Jun 29, 2018
Gracias!

billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Periodic Table Periodic Table
Wet table and Vichy shower in a wet room. Wet table and Vichy shower in a wet room.
ANOVA Table ANOVA Table
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Table - Analysis Table - Analysis
The periodic table and its creator, Dmitry Mendeleyev. The periodic table and its creator, Dmitry Mendeleyev.
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library