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 52 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?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

The Basket Tree The Basket Tree
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Interpret CPT Index Conventions Interpret CPT Index Conventions
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.
Air Quality Index Air Quality Index
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library