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.
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
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?
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