Author Question: If the CPI basket costs 35 in the base period but costs 42, what is the CPI in the next period? ... (Read 57 times)

torybrooks

  • Hero Member
  • *****
  • Posts: 500
If the CPI basket costs 35 in the base period but costs 42, what is the CPI in the next period?
 
  A) 83.3
  B) 42
  C) 20 percent
  D) 120

Question 2

Sam's demand curve for pizza
 
  A) lies above her marginal benefit curve for pizza.
  B) lies below her marginal benefit curve for pizza.
  C) is the same as her marginal benefit curve for pizza.
  D) has one point in common with her marginal benefit curve for pizza.

Question 3

Which of the following would lead GDP to overstate economic welfare?
 
  A) the existence of home-cooked meals
  B) restaurant workers that under-report tip income
  C) a self-employed CPA who takes a longer than normal vacation
  D) electric utilities that switch to burning coal because of higher natural gas prices and thereby create more acid rain pollution



bpool94

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

D

Answer to Question 2

OMG..This is soo helpful. Thank you.

Answer to Question 3

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

For a complete list of videos, visit our video library