This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The table above gives the CPI market basket for 2010 and 2011. Suppose that 2010 is the reference ... (Read 114 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: Jun 29, 2018
The table above gives the CPI market basket for 2010 and 2011. Suppose that 2010 is the reference base period.
 
  a. What is the cost of the CPI market basket in 2010?
  b. What is the cost of the CPI market basket in 2011?
  c. What is the CPI for 2010?
  d. What is the CPI for 2011?

Question 2

The natural unemployment rate is the unemployment rate that exists when there is no
 
  A) cyclical unemployment.
  B) frictional unemployment.
  C) structural unemployment.
  D) unnecessary unemployment.
  E) cyclical or structural unemployment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jun 29, 2018
Answer to Question 1

a. The cost of the CPI market basket in 2010 is 1,520.00.
b. The cost of the CPI market basket in 2011 is 1,712.50.
c. The CPI for 2010 is 100 because 2010 is the base period.
d. The CPI for 2011 equals (1,712.50)/(1,520.00 )  100 = 112.66.

Answer to Question 2

A


Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: Jun 29, 2018
:D TYSM

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Ionic bonding in table salt (NaCl) Ionic bonding in table salt (NaCl)
Checking the 5 volt reference from the computer being applied to the TP sensor with the ignition ... Checking the 5 volt reference from the computer being applied to the TP sensor with the ignition ...
Reference points for posture analysis. Reference points for posture analysis.
How to determine if a table of values represents a linear or quadratic relationship How to determine if a table of values represents a linear or quadratic relationship
World Crude Oil Production, 1900–2010 World Crude Oil Production, 1900–2010
This table shows the growth of a crowd at a rally over a 3 h period. This table shows the growth of a crowd at a rally over a 3 h period.
Video: Brain Lobes Animation

For a complete list of videos, visit our video library