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Author Question: The Consumer Price Index market basket contains A) the goods and services that the economists ... (Read 106 times)

captainjonesify

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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.


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brittiany.barnes

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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

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Reply #2 on: Jun 30, 2018
Thank you


brittiany.barnes

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Reply #3 on: Jun 30, 2018
No problemo


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