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Author Question: Suppose the consumer price index (CPI) for Year X is 130 . This means the average price of goods and ... (Read 106 times)

shofmannx20

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on: Jun 30, 2018
Suppose the consumer price index (CPI) for Year X is 130 . This means the average price of goods and services is:
 a. currently 130.
  b. 130 percent more in Year X than in the base year.
  c. 130 percent more in the base year than in Year X.
  d. priced at 30 percent more in Year X than in the base year.

Question 2

The Laffer curve is a graph of the relationship between tax rates and:
 a. real GDP.
  b. total tax revenues.
  c. government spending.
  d. inflation.


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stillxalice

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


shofmannx20

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

amcvicar

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Reply 3 on: Yesterday
Excellent

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