Solved

Suppose That the Consumer Price Index (CPI) Was 160 in 2010

Question 93

Multiple Choice

Suppose that the consumer price index (CPI) was 160 in 2010 and 166 in 2011, inflation during 2011 was

A) zero; prices were stable.
B) 3.8 percent.
C) 6 percent.
D) 66 percent.

Related Questions

Q88: A Minnesota farmer buys a new tractor

Q89: If nominal GDP increases 4 percent during

Q90: Use the table below to answer the

Q91: If national income accountants fail to make

Q92: Suppose you received a 3 percent increase

Q94: If nominal or money GDP increases 6

Q95: Which of the following is the most

Q96: Which one of the following events will

Q97: Explain the two approaches to calculating GDP.

Q98: Assume that between 1998 and 2008, nominal