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Author Question: If the basket of goods and services used to calculate the CPI cost 200 in the reference base period ... (Read 58 times)

jman1234

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on: Jun 29, 2018
If the basket of goods and services used to calculate the CPI cost 200 in the reference base period and 450 in a later year, the CPI for the latter year equals
 
  A) 200.
  B) 225.
  C) 325.
  D) 450.

Question 2

A tradeoff is
 
  A) represented by a point inside a PPF.
  B) represented by a point outside a PPF.
  C) a constraint that requires giving up one thing to get another.
  D) a transaction at a price either above or below the equilibrium price.


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connor417

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

B

Answer to Question 2

C


jman1234

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Reply 2 on: Jun 29, 2018
Wow, this really help

momolu

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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