Goods in the CPI inflation are weighted by
a. the price of each good.
b. the share of each good in GDP.
c. the share of each good in the budget of an average household.
d. the share of each good in total consumption.
C
You might also like to view...
Consider the market for high-end wine. Statistics show that wealthier families spend a greater proportion of their income on high-end wine than do poorer families. If households' incomes rise substantially during an economic recovery, then we can expect
a. an increased demand for high-end wine. b. an increased supply of high-end wine. c. a lower price for high-end wine. d. the demand curve for high-end wine to shift to the left.
Explain the difference between a cooperative equilibrium and a noncooperative equilibrium in game theory
What will be an ideal response?
Which of the following are injections into the circular flow of income?
a. saving, investment, exports, and taxes b. investment, taxes, and imports c. saving, taxes, and imports d. investment, government spending, and exports
The New Deal may be summarized by the words, ___________, ____________ and ___________.
Fill in the blank(s) with the appropriate word(s).