Using Table 6.1, the inflation rate for 2000 would be 
A. 3.3% (((174.0-168.3)/168.3)*100 %).
B. 5.7% (174.0-168.3).
C. 74.0% (174.0-100).
D. 3.1% (174-163.9)/(2*163.9)*100%).
Answer: A
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Refer to the table above. If consumption expenditure increases to $200,000 in the next year, ________, all other variables remaining unchanged
A) gross domestic product will fall to $367,000 B) gross domestic product will increase to $367,000 C) gross domestic product will increase to $400,000 D) gross domestic product will fall to $400,000
Incrementalism describes the notion that _____
a. an agency's budget increases a small amount each year b. only one or two new programs are added to the budget every year c. government employees should only receive a cost-of-living adjustment annually d. government is slow to act because it is politically difficult to do so
When oligopolists make joint decisions concerning their prices and output levels, they are
a. a natural oligopoly b. colluding c. a duopoly d. a homogeneous oligopoly e. practicing bilateralism
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money multiplier to remain the same. d. M2 money multiplier to fall.