Author Question: If the CPI basket costs 35 in the base period but costs 42, what is the CPI in the next period? ... (Read 77 times)

torybrooks

  • Hero Member
  • *****
  • Posts: 500
If the CPI basket costs 35 in the base period but costs 42, what is the CPI in the next period?
 
  A) 83.3
  B) 42
  C) 20 percent
  D) 120

Question 2

Sam's demand curve for pizza
 
  A) lies above her marginal benefit curve for pizza.
  B) lies below her marginal benefit curve for pizza.
  C) is the same as her marginal benefit curve for pizza.
  D) has one point in common with her marginal benefit curve for pizza.

Question 3

Which of the following would lead GDP to overstate economic welfare?
 
  A) the existence of home-cooked meals
  B) restaurant workers that under-report tip income
  C) a self-employed CPA who takes a longer than normal vacation
  D) electric utilities that switch to burning coal because of higher natural gas prices and thereby create more acid rain pollution



bpool94

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

D

Answer to Question 2

OMG..This is soo helpful. Thank you.

Answer to Question 3

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

For a complete list of videos, visit our video library