This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Consumer Price Index market basket contains A) the goods and services that the economists ... (Read 37 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
on: Jun 30, 2018
The Consumer Price Index market basket contains
 
  A) the goods and services that the economists working for the BLS believes consumers should buy.
  B) the U.S.-produced goods and services purchased by an average urban household.
  C) the minimal dietary requirements of an average urban household.
  D) the goods and services purchased by an average urban household.
  E) the ideal calorie intake of each member of an average urban household.

Question 2

Assume that the yuan-dollar nominal exchange rate at the beginning of 2012 was 4 yuan per dollar and at the beginning of 2013 was 6 yuan per dollar.
 
  Given this information, identify the currency that appreciated and the currency that depreciated over 2012.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittiany.barnes

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

At the beginning of 2012, one dollar could buy 4 yuan, while at the beginning of 2013, one dollar could buy 6 yuan. Hence, over 2012, the dollar appreciated and the yuan depreciated.


captainjonesify

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Jun 30, 2018
Thank you


brittiany.barnes

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Categories of E&M Codes Used for Medical Office Services Categories of E&M Codes Used for Medical Office Services
Pacific Decadal Oscillation: PDO index Pacific Decadal Oscillation: PDO index
From Farm to Consumer From Farm to Consumer
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Definition of heart rate

For a complete list of videos, visit our video library