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Author Question: Between 2015 and 2016, the CPI of a small nation rose from 182 to 185. If household incomes rose by ... (Read 93 times)

nummyann

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on: Jun 29, 2018
Between 2015 and 2016, the CPI of a small nation rose from 182 to 185. If household incomes rose by 3 during that period of time, which of the following is true?
 
  A) The purchasing power of household income remained constant between 2015 and 2016.
  B) The purchasing power of household income rose between 2015 and 2016.
  C) The purchasing power of household income fell between 2015 and 2016.
  D) The CPI cannot be used to determine how the purchasing power of household income changes over time.

Question 2

When the United States sends money to Indonesia to help tsunami survivors, in what account is this transaction recorded?
 
  A) the current account B) the capital account
  C) the financial account D) the foreign exchange account


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guyanai

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

B

Answer to Question 2

A


nummyann

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Liddy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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