1.) The inflation rate between the years 2000 and 2001 was 3.34%. Based on this information, a basket of goods that cost $145 in the year 2000 would now cost how much in the year 2001? Enter a number rounded to two decimal places?

2.) If more spouses decide to quit their jobs to stay home with their young children the supply of labor will ___ causing the average wage to
- decrease : increase
- decrease : decrease
- increase : increase
- increase : decrease

3.) Retired people who are still capable of working are part of the adult population and are part of the labor force. True or False

Answer rating: 100% (QA)

The detailed answer for the above question is provided below 1 Cost of Basket of Goods in 2001 Given ... View the full answer