If you want to deflate the current price of something to eliminate the effect of inflation,
a. divide the number by the price index.
b. multiply the number by the price index.
c. multiply the number by 2 and then divide by the price index.
d. multiply the number by the price index and then divide by 2.
a. divide the number by the price index.
You might also like to view...
The statement that "at 10 percent, the interest rate is too high for families to buy the home they deserve," is a(n)
a. positive statement b. normative statement c. morally ambiguous philosophical position d. affront to the American dream e. value judgment
Why is trade an important source of economic progress?
a. It allows the trading partners to produce a larger joint output through specialization in the areas where they have a comparative advantage. b. It allows the trading partners to produce a larger joint output as the result of greater realization of cost reductions that accompany the adoption of mass production methods. c. It makes it possible to realize gains from the discovery and dissemination of innovative products and production processes. d. All of the above are correct.
Claire Quinn has a marginal tax rate of 33 percent on her federal personal income tax. Her average tax rate is
A. more than 33%. B. also 33%. C. less than 33%. D. zero.
The proportion of total direct expenditure made by local governments is called the centralization ratio.
A. True B. False C. Uncertain