If the CPI was 180 at the end of 2007, and 216 at the end of 2008, the inflation rate in 2008 was
A) 216 percent.
B) 36 percent.
C) 18 percent.
D) 20 percent.
E) 16.67 percent.
D) 20 percent.
You might also like to view...
What is the relationship between the marginal product of labor and the marginal cost?
What will be an ideal response?
Suppose the 12-month interest rate on a U.S. Treasury bill is 16 percent, and the one-year interest rate on a comparable British Treasury bill is 6 percent. The exchange rate today is $2.00 per pound. What must be the expected exchange rate at maturity for interest rate parity to hold?
a. $1.00 = 0.50 pound b. $1.00 = 0.75 pound c. 1 pound = $2.20 d. 1 pound = $1.80 e. 1 pound = $2.50
Which of the following is most important for the achievement of higher income levels and living standards?
What will be an ideal response?
A manager who does not see his or her goal as the maximization of profit
A. may nevertheless maximize the value of the firm. B. will likely be replaced either by shareholders or by a takeover of the firm. C. represents a principle-agent problem. D. both b and c