The Bureau of Labor Statistics (BLS) would calculate the rate of inflation in year 5 by
What will be an ideal response?
subtracting the CPI of year 4 from the CPI of year 5, and then dividing by the CPI of year 4
You might also like to view...
Which of the following is a flow variable?
A) consumption B) savings C) wealth D) population
Refer to Table 4-7. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. The equilibrium price and quantity for Pauline's Pickled Pomegranates are $30 and 15 thousand units
What is the value of consumer surplus? A) $50 thousand B) $112.5 thousand C) $225 thousand D) $337.5 thousand
Limits to self-interested payoff maximization that have been studied by behavioral economists include
a. limited cognitive ability. b. limited willpower. c. limits to self interest. d. all of the above.
If the output gap equals 1.8 percent, then:
A. there is significant cyclical unemployment. B. cyclical unemployment equals the sum of structural and frictional unemployment. C. there is an expansionary gap. D. potential GDP exceeds actual GDP.