The Bureau of Labor Statistics complies two different types of market baskets, to reflect the spending habits of two different types of people:
a. All Urban Workers (CPI-U) and All Farm Workers (CPI-F)
b. All Urban Workers (CPI-U) and Urban Low Wage Workers (CPI-LW)
c. All Urban Workers (CPI-U) and Urban Wage Earners and Clerical Workers (CPI-W)
d. All Urban Workers (CPI-U) and All Rural Workers (CPI-R)
e. All Urban Workers (CPI-U) and Urban Service Workers (CPI-S).
C
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If GDP per capita in year T is represented by YT, and the GDP per capita in the following year is represented by YT+1, then the formula for calculating growth rate between these two years is ________
A) (YT+1 - YT)/YT B) (YT+1 + YT)/YT+1 C) (YT+1 + YT)/YT D) (YT+1/YT)/100
A rise in the exchange rate leads to a decrease in the quantity of dollars demanded
Indicate whether the statement is true or false
A ________ pays out cash flows from a collection of assets in different tranches, with the highest-rated tranch paying out first, while lower ones paid out less if there are losses on the underlying assets
A) collateralized debt obligation (CDO) B) adjustable-rate mortgage C) negotiable CD D) discount bond
Suppose that electricity producers create a negative externality equal to $6 per unit. Further suppose that the government imposes a $8 per-unit tax on the producers. What is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?
a. They are equal. b. The after-tax equilibrium quantity is greater than the socially optimal quantity. c. The after-tax equilibrium quantity is less than the socially optimal quantity. d. There is not enough information to answer the question.