The urban consumers that the CPI is based on does not include:
A. persons in prison.
B. the unemployed.
C. the retired.
D. the CPI does not include any of these.
Answer: A
You might also like to view...
In a market economy, what specifies the terms of exchange, facilitating exchange between strangers?
A) contracts B) insurance C) patents D) accounting rules
Refer to Figure 18-5. The highest 20 percent of households
A) earn 24 percent of the society's total income. B) earn 28 percent of the society's total income. C) earn 42 percent of the society's total income. D) earn 72 percent of the society's total income.
Exemptions and deductions included in the tax laws
A. Make the tax structure more progressive. B. Reduce horizontal inequities. C. Are designed to encourage specific economic activities. D. Reduce vertical inequities.
Which of the following individuals least likely suffers from myopia?
A. Marilyn, who struggles to lose weight because she regularly cheats on her diet. B. Myrna, who lived through the Great Depression and tends to spend frugally and save most of her money. C. Malcolm, who currently spends all his income and saves nothing for retirement. D. Marvin, who regularly sleeps in and is constantly late for work, much to the chagrin of his boss.