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 38 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?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
HCPCs Modifiers Used for Medical Office Services HCPCs Modifiers Used for Medical Office Services
Participating in religious services is related to better coping skills, less severe stress ... Participating in religious services is related to better coping skills, less severe stress ...
Therapeutic index: (a) Drug X has a therapeutic index of 4. (b) Drug Z has a therapeutic index of 2. Therapeutic index: (a) Drug X has a therapeutic index of 4. (b) Drug Z has a therapeutic index of 2.
Main Hall, Trajan's Market Main Hall, Trajan's Market
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Renal Failure

For a complete list of videos, visit our video library