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Author Question: If your real income in base year prices is 50,000, then if the CPI is 170, what is your nominal ... (Read 133 times)

jwb375

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on: Jun 29, 2018
If your real income in base year prices is 50,000, then if the CPI is 170, what is your nominal income?
 
  A) 85,000.00 B) 29,411.76 C) 70,000.00 D) 50,000.00 E) 71,428.57

Question 2

Frictional unemployment is the result of
 
  A) the economy entering a strong expansion.
  B) normal labor market turnover.
  C) a slowdown in the rate of economic expansion.
  D) changes in the weather.
  E) technological change or foreign competition.


anoriega3

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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