Multiple Choice
Which of the following statements about price indexes is FALSE?
A) The price index number for the base year is 100.0.
B) The price index number for each year is expressed as a percentage of the price in the base year.
C) If items that cost $200 in the base year cost $300 this year, the price index number for this year is 300.0.
D) An index number of 120.0 in a particular year means that prices are 20.0 percent higher in that year than in the base year.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: A real rate of interest of -3
Q16: The rate of unemployment that represents full
Q17: Which of the following statements is true?<br>A)
Q18: Real GDP will be less than money
Q19: Which of the following statements about inflation
Q21: The unemployment rate measures the percentage of
Q22: Income stated in terms of current dollars
Q23: Inflation coming from the buyers' side of
Q24: Income measured in terms of the amount
Q25: The formula for calculating a price index