The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The CPI in 2011 is
A) 94.2. B) 140.5. C) 124. D) 100. E) 106.2.
D
Economics
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If the price of rocket fuel imported from Russia and used by NASA suddenly increases, then the U.S. CPI will ________ and the U.S. GDP deflator will ________
A) increase; not change B) increase; increase by more than the CPI C) not change; increase D) increase; increase E) not change; not change
Economics
What are the sources of government failure?
Economics
Figure 4-24
Refer to . The per unit burden of the tax on buyers is
a.
P3 - P1.
b.
P3 - P2.
c.
P2 - P1.
d.
Q2 - Q1.
Economics
What determines the the real interest rate in the long-run classical model?
A. aggregate supply and demand B. money supply and demand C. savings and investment D. inflation
Economics