Question : 66) A country reports the total expenditures the fixed CPI : 1224045

Economics

66) A country reports the total expenditures on the fixed CPI basket for the past three years. The cost of the CPI basket in 2010 was $23,000, the cost of the CPI basket for the reference base period, 2011, was $23,805, and the cost of the CPI basket in 2012 was $24,500. The CPI for 2010 is

A) 96.6.

B) 100.0.

C) 103.5.

D) 106.5.

E) 23.0.

67) A country reports the total expenditures on the fixed CPI basket for the past three years. The cost of the CPI basket in 2010 was $23,000, the cost of the CPI basket for the reference base period, 2011, was $23,805, and the cost of the CPI basket in 2012 was $24,500. The CPI for 2012 is

A) 93.9.

B) 97.2.

C) 102.9.

D) 106.5.

E) 245.0.

68) When the CPI rises ________, the inflation rate is ________.

A) steadily; zero

B) rapidly; high

C) slowly; high

D) rapidly; low

E) rapidly; either high, low, or zero depending on whether production of output is increasing, decreasing, or not changing.

69) The inflation rate is the

A) percentage change in the composition of the CPI market basket from the base year to the next year.

B) percentage change in the CPI from one year to the next year.

C) difference between the current period CPI and the base period CPI.

D) difference between the base period CPI and the current period CPI.

E) difference in the price level from one year to the next multiplied by 100.

70) The inflation rate measures the

A) average price of the goods and services consumed by urban consumers.

B) percentage change in the CPI from one year to the next year.

C) cost of the CPI market basket at current period prices divided by the cost of the CPI market basket at base period prices.

D) percentage change in the quantity of goods and services consumed by urban consumers.

E) cost of the CPI market basket at base period prices divided by the cost of the CPI market basket at current period prices.

71) Which of the following formulas is used to calculate the inflation rate?

A) inflation rate = 100 ×

B) inflation rate = 100 ×

C) Inflation rate = 100 ×

D) Inflation rate = 100 ×

E) inflation rate = 100 ×

72) If the CPI is 231.4 in one year and is 241.2 in the next year, then the inflation rate equals

A) (241.2 – 231.4) × 100.

B) × 100.

C) × 100.

D) × 100.

E) × 100.

73) If the CPI decreases from one year to the next, then the inflation rate is

A) positive.

B) above 100.

C) below 100.

D) negative.

E) 0.

74) Suppose in year 1 the CPI is 90, in year 2 the CPI is 100, and in year 3 the CPI is 110. Then, inflation is

A) 100 percent in year 1.

B) 11 percent between years 1 and 2.

C) 11 percent between years 2 and 3.

D) 10 percent between years 2 and 3.

E) Both answers B and D are correct.

75) A country’s CPI was 84.5 last year and 100.0 this year. The inflation rate was

A) 84.5 percent.

B) 18.3 percent.

C) 15.5 percent.

D) 7.29 percent.

E) -18 percent.

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July 1, 2023

Assignment 4: Policy Analysis Worksheet For this assignment, you will complete the Policy Analysis worksheet located here. The purpose of this worksheet is to help you complete the following in preparation for your final assignment: select a topic, think critically about your topic, gather research on your topic, and decide how you will present your policy analysis paper.

The requirements for this assignment are as follows:

1. Complete all sections of the Policy Analysis worksheet.

2. Provide at least five (5) reliable, relevant, peer-reviewed references (no more than one [1] used previously), published within the last five (5) years that support the paper's claims.

3. Format your assignment according to the following formatting requirement:

4a. Include a reference page. Citations and references must follow APA format.

The reference page is not included in the required page length. The specific course learning outcomes associated with this assignment are:

Analyze the local impact of global public administration policies and relationships.

• Analyze the core controversies, theories, and rationale surrounding global public administration.

• Identify the significance of key actors and stakeholders impacting global public administration.

• Use technology and information resources to research issues in international public administration.

• Write clearly and concisely about international public administration using proper writing mechanics. Click here to view the grading rubric.