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

Author Question: The CPI ProductQuantity (Year 1) Price(Year 1)Expenditure (Year 1) Price (Year 2)Expenditure (on ... (Read 40 times)

krabuske

  • Full Member
  • ***
  • Posts: 136
on: Nov 23, 2022

Question 1

The CPI

Last year, monthly expenditures for a family of 4 averaged $2800. This year, the cost of the same purchases is $3300. If last year was the base year, the CPI for this year is ________. (Round to the nearest whole number.)
◦ 250
◦ 118
◦ 115
◦ 500

Question 2

The CPI




   Product
Quantity   (Year 1)
   Price
(Year 1)
Expenditure              (Year 1)
   Price
(Year 2)		Expenditure (on base year quantities)
(Year 2)
Cell Phones3​$500​$1500​$650​$1950​
Pizzas15​19​285​11​165​
Books8​9​72​11​88​
Totalblankblank1857​blank2203​


Suppose an economy has only three goods and the typical family purchases the amounts listed in the table.  If Year 1 is the base year, then the CPI for Year 2 is ________. (Round to the nearest whole number.)
◦ 119
◦ 116
◦ 346
◦ 84
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by krabuske on Nov 23, 2022

Hamad

  • Full Member
  • ***
  • Posts: 163
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


krabuske

  • Member
  • Posts: 136
Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
CT imaging of glioblastoma in a 6-year-old girl. CT imaging of glioblastoma in a 6-year-old girl.
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Video: Passive Smoke Exposure

For a complete list of videos, visit our video library