If the CPI was 106.1 in Year 1 and was 112.4 for Year 2, then the rate of Inflation between Year 1 and Year 2 was:
(a) 5.9%.
(b) 6.3%.
(c) 5.6%.
(d) 12.4%.
Answer: (a) 5.9%.
You might also like to view...
Refer to Variable Cost of Production. The marginal cost of the fourth unit of output is
The following questions refer to the following table which shows a firm's variable costs of production.
a. $20 per unit.
b. $30 per unit.
c. $50 per unit.
d. $80 per unit.
Refer to Figure 4-1. What is the total amount that Kendra is willing to pay for 3 ice cream cones?
A) $2.50 B) $7.50 C) $9.00 D) $13.50
Insurance companies use deductibles and coinsurance to reduce moral hazard
Indicate whether the statement is true or false
A Nash equilibrium:
A. is reached when all players choose the best strategy they can, given the choices of all other players. B. is a point in a game when no player has an incentive to change his or her strategy, given what the other players are doing. C. is a stable outcome of a game. D. All of these statements are true.