Answer :
Option D is correct
Prices have decreased by 25% compared to the base year
If the price index for a particular year is 75, it implies that Multiple Choice prices...
If the price index for a particular year is 75, it implies that Multiple Choice prices have increased by 7.5% over the base year prices have increased by 0.75% over the base year prices have decreased by 0.25% compared to the base year О prices have decreased by 25% compared to the base year
mi Saved If the price index for a particular year is 110, it implies that Multiple Choice -50:37 prices have increased by 11% over the base year O prices have increased by 10% over the base year prices have increased by 1.1% over the base year prices have increased by 0.10% over the base year ME < Prex 4 of 14 Next > MacBook Air
I need answer for this 3 questions Which of the following is true about the comparison between the CPI and the PPI? Multiple Choice Both indices are based on the same basket of goods and services. Sales and excise taxes are included in the PPI, but they are not included in the CPI. The PPl is more commonly used to adjust wages for changes in the cost of living than the CPI. Unlike the CPI that uses prices people pay,...
2. Consumer Price Index and Real Price Index: Over a four-year period, the prices of mangoes PM (in dollars) and the Consumer Price Index (CPI) are given below: Year CPI Price of Mangoes (PM) 1991 : cpi=94 , p=14 ; 1992: cpi=100 , p=15 ; 1993: cpi= 105 , p=16 ; 1994: cpi= 115 , p=17 2.1.Which year is the base year for CPI? Use this same base year for mangoes. 2.2.Calculate the nominal price index for mangoes. 2.3.Calculate the...
which choice is correct The consumer price index measures: Multiple Choice O The prices of a fixed basket of goods and services in the United States O The prices of goods and services in Bolivia O The average change in prices of a fixed basket of goods and services of urban consumers C ) The change in prices of a fixed basket of goods and services around the world Multiple Choice The prices of a fixed basket of goods and...
The Economist magazine's Commodities Price Index tracks the prices of the most Multiple Choice heavily traded agricultural-based products. important minerals that are traded internationally. important finished goods that are traded internationally. important productive resources that are traded internationally.
ASSIGNMENT #5 9. One way the consumer price index (CPI) differs from the GDP chain price index is that the CPI: uses current year quantities of goods and services b. a. includes separate market baskets of goods and services for both base and current years. includes only goods and services bought by typical urban consumers. d. C. is bias free. 10. Suppose a market basket of goods and services costs $1,000 in the base year and the consumer price index...
Equilibrium Supply price A Low Demand price Multiple Choice Figure 4-1 32. In Multiple Choice Figure 4-1, consumer surplus is shown by a. area A b. area B c. area C 33. In Multiple Choice Figure 4-1, producer surplus is shown by d. area A+B a. area A b. area B 34. In Multiple Choice Figure 4-1, social surplus is shown by c. area C d. area A B a. area A b. area B c. area C d. area...
A Consumer Price Index of 120 for a certain year means that the average price of consumer items in that year was Multiple Choice O 20% higher than the average price in the base period 1982-84. about $120 per basket of consumer goods and services. 000 120% higher than the average price in the base period 1982-84. 20% higher than the average price of the preceding year.
A perfectly elastic demand curve implies that the firm: Multiple Choice must lower price to sell more output can sell as much output as it chooses at the existing price. realizes an Increase in total revenue which is less than product price when it sells an extra unit is selling a differentiated (heterogeneous) product