Multiple Choice
In the CPI, how are goods and services weighted?
A) according to how much consumers buy of each item
B) according to whether the goods and services are necessities or luxuries
C) according to the levels of production of the goods and services in the domestic economy
D) according to the expenditures on them in the GDP national income accounts
Correct Answer:

Verified
Correct Answer:
Verified
Q163: Wayne takes a job in 1985 at
Q164: Which of the following makes up the
Q165: Which statement best characterizes the consumer price
Q166: If this year the CPI is 125
Q167: In 1972 in Kelowna, BC, one could
Q169: What does the GDP deflator reflect?<br>A) the
Q170: If the nominal interest rate is 8
Q171: Canadians spend about 27 percent of their
Q172: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q173: Babe Ruth's 1931 salary was $80,000. The