« previous next »

Author Question: If the CPI rises from 206.7 to 212.7 between two consecutive years, by how much has the cost of ... (Read 146 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
If the CPI rises from 206.7 to 212.7 between two consecutive years, by how much has the cost of living changed between these two years?
 
  A) The cost of living has increased by 6. B) The cost of living has increased by 12.7.
  C) The cost of living has decreased by 6. D) The cost of living has increased by 2.9.

Question 2

If the MPC is 0.95, then a 10 million increase in disposable income will
 
  A) increase consumption by 200 million. B) decrease consumption by 105 million
  C) increase consumption by 9.5 million. D) increase consumption by 950 million.


stallen

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Measurements of solar cycle variation during the last 30 years Measurements of solar cycle variation during the last 30 years
The proportion of obese and extremely obese adults in the United States has increased over the past The proportion of obese and extremely obese adults in the United States has increased over the past
Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years
Infant formula is available in several forms and varies in cost and ingredients Infant formula is available in several forms and varies in cost and ingredients
Cost Accounting: A Managerial Emphasis 16th Edition Cost Accounting: A Managerial Emphasis 16th Edition
question in cost accounting question in cost accounting
Video: Rh blood type and complications during pregnancy & Fertilization

For a complete list of videos, visit our video library