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

Author Question: The Consumer Price Index market basket contains A) the goods and services that the economists ... (Read 109 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
on: Jun 30, 2018
The Consumer Price Index market basket contains
 
  A) the goods and services that the economists working for the BLS believes consumers should buy.
  B) the U.S.-produced goods and services purchased by an average urban household.
  C) the minimal dietary requirements of an average urban household.
  D) the goods and services purchased by an average urban household.
  E) the ideal calorie intake of each member of an average urban household.

Question 2

Assume that the yuan-dollar nominal exchange rate at the beginning of 2012 was 4 yuan per dollar and at the beginning of 2013 was 6 yuan per dollar.
 
  Given this information, identify the currency that appreciated and the currency that depreciated over 2012.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittiany.barnes

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

At the beginning of 2012, one dollar could buy 4 yuan, while at the beginning of 2013, one dollar could buy 6 yuan. Hence, over 2012, the dollar appreciated and the yuan depreciated.


captainjonesify

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Jun 30, 2018
Thank you


brittiany.barnes

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Easter basket Easter basket
Video: Energy Flow - Trophic Levels and Food

For a complete list of videos, visit our video library