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Author Question: The CPI (using a 2000 base year) for 1965 is 26.0 . Suppose a household's annual take-home pay in ... (Read 75 times)

littleanan

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on: Jun 30, 2018
The CPI (using a 2000 base year) for 1965 is 26.0 . Suppose a household's annual take-home pay in 1965 was 8,320 . What would be an equivalent home pay in 2000?
 a. 10,483.
  b. 21,632.
  c. 23,680.
  d. 32,000.

Question 2

A 10 million increase in government spending has the same economic impact as a 10 million tax cut.
 a. True
  b. False
  Indicate whether the statement is true or false


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bblaney

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

d

Answer to Question 2

False


littleanan

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

jordangronback

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

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