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 47 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
Thanks for the timely response, appreciate it

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Periodic Table Tattoo Periodic Table Tattoo
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Top Prescriptions for Children Under 17 Years of Age (2002–2010) Top Prescriptions for Children Under 17 Years of Age (2002–2010)
Standing at the head of the table, apply oil or lotion to chest area. Spread lubricant fanning out ... Standing at the head of the table, apply oil or lotion to chest area. Spread lubricant fanning out ...
Growth of World Trade, 1870–2010 Growth of World Trade, 1870–2010
table table
Video: Supine Position

For a complete list of videos, visit our video library