Formula for CPI
What will be an ideal response?
(Cost of CPI market basket at current period prices ÷ Cost of CPI market basket at base period prices) × 100.
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If depreciation is less than gross investment, then net investment is
A) positive. B) negative. C) zero. D) This situation could never occur because it is impossible for depreciation to be less than gross investment.
The degree to which the public believes the central bank's announcements about future policy is its
A) reputation. B) transparency. C) openness. D) credibility.
The lower the price of a foreign currency, the more expensive that foreign country's goods and services are to individuals in the domestic economy
a. True b. False
Political candidates in a two-person race prefer to be viewed as occupying the center of the political distribution because
A) occupying the center is a sign of being a leader. B) political candidates usually prefer to maintain the status quo and the center is the status quo. C) the electorate is largely in the "wings" (extreme ends) of the political distribution. D) whoever comes closer to the center usually wins the election.