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Author Question: Assume that there was a 5 percent increase in the price of all goods in 2015; if the base year is ... (Read 176 times)

justinmsk

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on: Jun 29, 2018
Assume that there was a 5 percent increase in the price of all goods in 2015; if the base year is 2014, then the price index in 2015 will be
 
  A) 95.
  B) 105.
  C) 110.
  D) 1100.

Question 2

Which of the following does NOT involve transfers in kind?
 
  A) public housing
  B) food stamps
  C) Medicare
  D) salaries of government employees


dantucker

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

B

Answer to Question 2

D


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