Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 2012, the basket's cost was $50; in 2014, the basket's cost was $51; and in 2016, the basket's cost was $52. The value of the CPI in 2014 was:
a. 98.0.
b. 102.0
c. 104.0
d. 151.0
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 2012, the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Student involvement in afterschool activities that are not part of a class or an academic requirement is known as
Answers (1)
A local theatre group wants to increase the membership and attendance at its performances. To doâ so, it hosts freeâ shows, offers standup comedyâ nights, and sends volunteers to the local high school. In what is the theatre groupâ engaging? A.
Answers (1)
Mccracken roofing, inc., common stock paid a dividend of $1.161.16 per share last year. the company expects earnings and dividends to grow at a rate of 66 % per year for the foreseeable future. a.
Answers (1)
Concord Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $20 per year. During November 2020, Concord sells 16,500 subscriptions beginning with the December issue.
Answers (1)
Which of the following about middle-income nations is true? Middle-income nations are generally more industrialized than wealthy and poor nations.
Answers (1)
New Questions in Business
Along with higher return comes
Answers (1)
Kalyan Corporation uses the FIFO method in its process costing system. Operating data for the Enameling Department for the month of May appear below: Units Percent Complete with Respect to Conversion Beginning work in process inventory 1,800 20 %
Answers (1)
Pager, a simple personal device for short messages, became famous in the 1990s. Troveron Communications launched a pager in the early twenty-first century.
Answers (1)
A farmer wakes up one morning and sees a large circular area of land on his farm that is sunken. what may be the problem?
Answers (1)
A monopolist makes self‑cleaning jackets. At a price of $100 each, it can sell 20 jackets. At a price of $98 each, it can sell 21 jackets. Assume the monopolist cannot price discriminate. When charging $ 100 per jacket, total revenue is
Answers (1)