The formula for calculating the CPI is
A) (Expenditures in the current year × Expenditures in the base year)/100.
B) (Expenditures in the base year/Expenditures in the current year).
C) (Expenditures in the base year × 100)/(Expenditures in the current year).
D) (Expenditures in the current year/Expenditures in the base year) × 100.
D
You might also like to view...
The inside lags for monetary policy are relatively long compared to those for fiscal policy
Indicate whether the statement is true or false
The manner in which one oligopolist reacts to a change in price, output, or quantity on the part of another oligopolist in the industry is known as
A) a positive-sum game. B) the reaction function. C) a noncooperative game. D) a zero-sum game.
The total utility from consuming five donuts is 9, 19, 30, 38, and 45 utils, respectively. Marginal utility begins to diminish after consuming the ____ donut
a. first b. second c. third d. fourth
A rightward shift of a demand curve is called a(n)
a. increase in demand b. decrease in demand c. increase in quantity demanded d. decrease in quantity demanded e. increase in supply