Author Question: Suppose that last year the Consumer Price Index was 124; this year it is 130.7. What was the ... (Read 62 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
Suppose that last year the Consumer Price Index was 124; this year it is 130.7. What was the inflation rate between these years?
 
  A) 30.7 percent
  B) 6.7 percent
  C) 5.4 percent
  D) 5.1 percent

Question 2

According to the information, Japan's real GDP per person
 
  A) is higher than Brazil's and therefore we can definitely conclude that economic well-being is higher in Japan.
  B) is 33,000.
  C) is lower than Brazil's, but its real GDP is higher which makes standard of living higher in Japan.
  D) cannot be expected to change much given the other factors affecting GDP growth including political freedom and life expectancy.



FergA

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

For a complete list of videos, visit our video library