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Author Question: If the price of a soda was 15 cents in 1970, when the CPI was 50, and 50 cents in 2007, when the CPI ... (Read 115 times)

itsmyluck

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on: Jun 29, 2018
If the price of a soda was 15 cents in 1970, when the CPI was 50, and 50 cents in 2007, when the CPI was 172, then
 
  A) the price of the soda was greater in real value in 1970 than in 2007.
  B) prices on average have increased 567 percent.
  C) the price of a soda has increased a greater percentage than the CPI.
  D) prices on average have increased 244 percent.
  E) the real price of a soda is the same in 1970 and 2007.

Question 2

Based on the figure above, in which quarter or quarters did a trough occur?
 
  A) between 2013, 2nd quarter to 2014, 2nd quarter
  B) between 2012, 2nd quarter to 2013, 2nd quarter and also between 2014, 2nd quarter to the end of the figure
  C) in 2013, 2nd quarter
  D) in 2014, 2nd quarter
  E) There are no troughs illustrated in the figure.


Swizqar

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

A

Answer to Question 2

D


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itsmyluck

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Reply #2 on: Jun 29, 2018
Thank you :)


Swizqar

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Reply #3 on: Jun 29, 2018
Happy to help you


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