Answer the next question based on the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year. YearUnits of OutputPrice per Unit18$22103315441855206If year 2 is the base year, the Consumer Price Index for year 2 is
A. 50.
B. 67.
C. 150.
D. 100.
Answer: D
You might also like to view...
The short-term unemployment arising from the process of matching workers with jobs is called
A) frictional unemployment. B) cyclical unemployment. C) structural unemployment. D) seasonal unemployment. E) unnatural unemployment.
Make a case for 360-degree performance evaluation based on the informativeness principle. What problems may be encountered from implementation of such a system?
What will be an ideal response?
Funds are channeled from savers to borrowers indirectly through ________ and directly through ________
A) financial intermediaries; financial markets B) financial markets; financial intermediaries C) main banks; branches D) broker; agents
Which of the following industries is part of a dynamic environment, meaning the market is constantly changing and updating?
a. nurseries b. education c. electronics d. manufacturing