The cost of the CPI basket in base-period prices is $200 and the cost of the CPI basket in current-period prices is $450. The CPI in the current year is
A) 300.
B) 250.
C) 225.
D) 44.44.
E) 450.
C) 225.
C) 225.
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Sarah is a full-time student who is not looking for work. What kind of unemployment is Sarah experiencing?
A) frictional B) cyclical C) structural D) Sarah is not experiencing unemployment of any kind, because she is not currently part of the labor force.
A market in which final goods and services are exchanged is a
A. Labor market. B. Public goods market. C. Factor market. D. Product market.
As of the year 2000, agriculture accounted for what percentage of total U.S. output?
A. 8 percent. B. 5 percent. C. 1 percent. D. None of the choices are correct.
The total benefits to society from pollution abatement
A) increase at an increasing rate with the increase of pollution abatement. B) increase at a decreasing rate with the increase of pollution abatement. C) decrease at an increasing rate with the increase of pollution abatement. D) decrease at a decreasing rate with the increase of pollution abatement.