subject
Business, 28.01.2020 21:47 jiang6117

Suppose that 1982 is the base year for the consumer price index (cpi) and in 2008 the cpi is 450. what does this "450" mean? a. what cost $100 in 1982 will on average cost 450 times as much in 2008.b. what cost $100 in 1982 will on average cost $450 morein 2008.c. what cost $100 in 1982 will on average cost 100/450 (or 0.22) times as much in 2008 (that is, it will cost $22 in 2008).d. what cost $100 in 1982 will on average cost $350 more.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 14:00
Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.
Answers: 2
question
Business, 22.06.2019 20:00
Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.
Answers: 2
question
Business, 22.06.2019 21:30
Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.
Answers: 1
question
Business, 23.06.2019 02:30
Complete electronics inc. sells a point-of-sale computer with a two-year service contract. complete collects $ 2 comma 500 cash for the selling price of the computer and $ 576 for the two-year service contract. how is revenue recognized?
Answers: 2
You know the right answer?
Suppose that 1982 is the base year for the consumer price index (cpi) and in 2008 the cpi is 450. wh...
Questions
question
Social Studies, 07.04.2020 21:48
question
Chemistry, 07.04.2020 21:48
Questions on the website: 13722361