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Author Question: The formula for the CPI is A) (Cost of CPI market basket at base period prices Cost of CPI ... (Read 65 times)

sheilaspns

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on: Jun 30, 2018
The formula for the CPI is
 
  A) (Cost of CPI market basket at base period prices  Cost of CPI market basket at current period prices)  100.
  B) (Cost of CPI market basket at current period prices  Cost of CPI market basket at base period prices)  100.
  C) (Cost of CPI market basket this year  Cost of CPI market basket at base period prices)  100.
  D) (Cost of CPI market basket this year  Cost of CPI market basket at base period prices)  100.
  E) (Cost of CPI market basket at current period prices  Cost of CPI market basket at next year's prices)  100.

Question 2

According to this Application, if you earn a salary of 40,000 in the first year and all prices triple in the next 10 years, what will your nominal annual salary be in 10 years?
 
  A) 20,000 B) 60,000 C) 120,000 D) 180,000


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Brenm

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


sheilaspns

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

T4T

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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