If the cost of living in the base year is $20,000 and it rises to $25,000 in the current year, how much is the CPI in the current year?
What will be an ideal response?
125
You might also like to view...
When the dollar depreciates, the cost to Americans of foreign goods
A. rises and the CPI falls. B. rises and the CPI rises. C. falls and the CPI rises. D. falls and the CPI falls.
Which of the following events will increase the quantity demanded of bottled water?
A) a fall in the price of bottled water B) a rise in the price of bottled water C) a rise in the price of a fitness club membership D) a fall in the price of soda E) an increase in the number of buyers of bottled water
The decline in net worth that can result from an unanticipated decline in the price level is known as ________
A) a credit boom B) deleveraging C) a debt deflation D) federal funds rationing
Which of the following is true of productive efficiency?
a. It is a situation in which the marginal benefit from the consumption of a good declines as increments of resources are added to a certain purpose. b. It is a situation in which it is impossible to produce more of one good without decreasing the quantity produced of another good. c. It is a situation in which the mix of goods being produced represents the allocation that society most desires. d. It is a situation in which costs that were incurred in the past cannot be recovered and thus do not affect current decisions.