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Author Question: Market Baskets and the Calculation of CPIIf the value of the market basket in the current year is ... (Read 27 times)

dusk108

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on: Nov 23, 2022

Question 1

Market Baskets and the Calculation of CPI

If the value of the market basket in the current year is $340,000 and the value of the market basket in the base year is $180,000, then the CPI for the current year is ________. (Round to the nearest tenth.)
◦ 188.9
◦ 52.9
◦ 0.5
◦ 160,000

Question 2

Market Baskets and the Calculation of CPI

If the value of the market basket in the current year is $340,000 and the CPI for the current year is 123, then the value of the market basket in the base year is ________. (Round to the nearest hundredth.)
◦ $339,877
◦ $418,200
◦ $276,422.76
◦ $100.04
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by dusk108 on Nov 23, 2022

jacquelyngibson

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dusk108

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

bimper21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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