51) The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The CPI in 2011 is
A) 100.
B) 94.2.
C) 106.2.
D) 124.
E) 140.5.
52) The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The CPI in 2012 is
A) 100.
B) 118.8
C) 123.1
D) 23.1
E) 18.8
53) The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The inflation rate between 2011 and 2012 is
A) 52.5 percent.
B) 123.1 percent.
C) 23.1 percent.
D) 18.8 percent.
E) 118.8 percent.
54) Consumers in a country buy only two goods, pens and CDs. The prices and quantities purchased by urban households are in the table above. If 2011 is the reference base year, the cost of the CPI market basket in the base year is
A) $3,400.
B) $3,408.
C) $3,580.
D) $3,508.
E) $3,500.
55) Consumers in a country buy only two goods, pens and CDs. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. If the current year is 2012, the cost of the CPI market basket in 2012 is
A) $3,400.
B) $3,588.
C) $3,580.
D) $3,508.
E) $3,500.
56) Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. For these data, the CPI for 2012 is
A) 145.
B) 100.
C) 160.
D) 10.
E) 110.
57) Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. For these data, the CPI for 2011 is
A) 3.
B) 100.
C) 160.
D) 110.
E) 145.
58) Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. The inflation rate between 2011 and 2012 is
A) $15.
B) 15.0 percent.
C) $10.
D) 10.3 percent.
E) 9.0 percent.
Item
Quantity (2013)
Price (2013)
Quantity (2014)
Price (2014)
Magazines
400
$5.00
450
$4.50
Movie tickets
50
$6.00
200
$8.00
Pizzas
100
$10.00
120
$10.50
The data in the table above shows the consumption by families in an economy. The year 2013 is the reference base period.
59) Based on the table above, the cost of the base period market basket in the base period is
A) $3,300.
B) $21.00.
C) $3,250.
D) $4,650.
E) $4,885.
60) The information in the above table gives the 2000 base period market basket and prices used to construct the CPI for a small nation. The table also has 2010 prices. What is the value of the CPI for the base period 2000?
A) 140
B) 133
C) 100
D) 75
E) 30
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more