If the CPI in a given year is 300, this means that a. Prices are 200 percent
Question:
If the CPI in a given year is 300, this means that
a. Prices are 200 percent higher than in the base year.
b. Prices have fallen since the base year.
c. Prices are three times higher than in the base year.
d. The economy is experiencing hyper inflation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
If the CPI Consumer Price Index in a given year is 300 it means that c ...View the full answer
Answered By
Rayan Gilbert
I have been teaching since I started my graduation 3 years ago. As a student, working as Teacher/PA has been tough but made me learn the needs for student and how to help them resolve their problems efficiently. I feel good to be able to help out students because I'm passionate about teaching. My motto for teaching is to convey the knowledge I have to students in a way that makes them understand it without breaking a sweat.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
Inverse permutation. Write a program that reads in a permutation of the integers 0 to n-1 from n command-line arguments and prints the inverse permutation. (If the permutation is in an array a[], its...
-
How does the activity of investors in financial markets affect the decisions of executives within the firm?
-
Extract an income statement for the year ending 30 June 2024 for G. Graham. The trial balance as at 30 June 2024 after his first year of trading was as follows: Inventory at 30 June 2024 was 29,304....
-
What audit procedures are useful in verifying (a) existence or occurrence, (b) completeness, and (c) valuation or allocation of long-term debt balances?
-
The following are misstatements that can occur in the sales and collection cycle: 1. A customer number on a sales invoice was transposed and, as a result, charged to the wrong customer. By the time...
-
4. Consider a modified general equilibrium environment in which there are two possible states of the world, state w and state w, which are equally likely ex-ante. There are two kinds of goods, a and...
-
Your income was $25,000 in 2009 and $25,500 in 2010. The CPI was 217.2 in 2009 and 220.2 in 2010. This means that a. Your real income has fallen. b. Your real income has risen. c. Your real income...
-
Inflation is important because a. It affects the value of one's income. b. It affects the real return one earns on investments. c. It affects the real interest rate. d. It often affects the...
-
You are employed as a DBA for a medical practice. You have implemented multiple safeguards to protect patient privacy and conform to HIPAA regulations. What other practical, common-sense measures...
-
if 0.5 smaller than equals to log x with base 2 is smaller than and equals to 2, then find the range of x
-
1. A computer manufacturer launches a new digital device and is analyzing return on investment (ROI). Consider the following cost information: Building expansion/ construction $ 400,000 Supplies $...
-
Roseland Design borrowed $700,000 on a 90-day note from CorpOne Funding Company. CorpOne discounts the note at 8%. (Assume a 360-day year is used for interest computations.) Required: a. Journalize...
-
Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. They share income in a ratio...
-
4. Find the inverse for A (20 pts) Where A-1 = * AdjA |A| A = 13 11]
-
Bacterial digestion is an economical method of sewage treatment. The reaction Bacteria 5CO 2 (g) + 55NH 4 + (aq) + 76O 2 (g) C 5 H 7 O 2 N( s) + 54NO 2 - (aq) + 52H 2 O(l) + 109H + (aq) Bacterial...
-
Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constraints. Pair each item from List A (by letter) with the item from List B that is...
-
Cite two examples of products that you think are currently in each of the product life-cycle stages. Consider services as well as physical goods.
-
Explain how you might reach different conclusions about the correct product life-cycle stage(s) in the worldwide automobile market.
-
Explain why individual brands may not follow the product life-cycle pattern. Give an example of a new brand that is not entering the life cycle at the market introduction stage.
-
You are on a cruise ship to the Bahamas. The door to your room faces the outside of the ship, and swings inwards to your room. On a breezy day you notice that after turning the door knob, it is very...
-
Please revise the program for this week's MVCC Luncheon for Thursday. Make the changes indicated below. Add the following items to Old Business: + Report from Professional Development Committee...
-
A thin rod has a mass of 2.5 kg and a length of 1.5 m. The rod is held in place, at an angle of 35 to the horizontal, by a hinge and by a wire, as shown at right. The wire is cut at time t = 0,...
Study smarter with the SolutionInn App