The consumer price index was 177.1 in 2001 and 179.9 in 2002. Therefore, the rate of inflation in 2002 was about:
A. 2.8 percent.
B. 3.4 percent.
C. 1.6 percent.
D. 4.1 percent.
C. 1.6 percent.
You might also like to view...
The resource market comprises of households and firms where the firms sell their resources to the households
a. True b. False Indicate whether the statement is true or false
In a market with 1,000 identical firms, the short-run market supply is the
a. marginal cost curve above average variable cost for a typical firm in the market. b. quantity supplied by the typical firm in the market at each price. c. sum of the prices charged by each of the 1,000 individual firms at each quantity. d. sum of the quantities supplied by each of the 1,000 individual firms at each price.
In the United States, trade adjustment assistance
A. is often criticized on the ground that it provides benefits to millions of workers each year who have not actually been affected by increased imports. B. provides incentives for workers to search for new jobs outside an import-competing industry before they lose their jobs in this industry. C. provides subsidies to firms who produce exportable commodities. D. provides workers who have been displaced from import-competing firms with additional months of unemployment compensation.
In the United States, government policies with respect to monopolies and collusion are embodied in
A) common law, which the United States adopted from English law. B) the Supreme Court. C) antitrust laws. D) the U.S. Constitution.