Multiple Choice
Scenario: A typical resident of the country of Univertopia consumes a simple basket of goods consisting of soda, pizza, and Frisbees. The base year's basket contains 500 sodas, 200 pizzas, and 40 Frisbees. The prices of these goods over 8 years are given in the table.
-Refer to the scenario above.Using 2014 as the base year,which of the following is not true?
A) The Consumer Price Index in 2011 is higher than in 2012.
B) The Consumer Price Index in 2012 is lower than in 2011.
C) The Consumer Price Index in 2014 is higher than in 2013.
D) The Consumer Price Index in 2016 is higher than in 2015.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Polonia produces two goods,X and Y.The quantity
Q24: Explain the concept of an identity.
Q25: The following table provides data for the
Q26: If Dell buys a computer from a
Q27: GDP is a measure of _,not a
Q29: Which of the following will lead to
Q30: The country described in the table below
Q31: The table below contains data for the
Q32: Which equality is not guaranteed by the
Q33: A person is officially unemployed if three