hw3_keys_0.docx

# hw3_keys_0.docx - University of the West Department of...

• Homework Help
• 2

This preview shows page 1 - 2 out of 2 pages.

University of the West Department of Business Administration BUS 202 Principles of Macroeconomics Homework 3 (Chapter 6) Answer Keys Total: 17+4 Points Part 1. Handout page 127: Chapter Quick Quiz (12 Points) 1. c 2. b 3. d 4. a 5. d 6. d Part 2. Handout page 129, Problems and Applications 3b. What is the percentage change in the overall price level? (5 Points) The cost of the market basket in 2017 is (100 x \$2) + (100 x \$4) + (200 x \$1) = \$800. The cost of the market basket in 2018 is (100 x \$2) + (100 x \$6) + (200 x \$2) = \$1,200. Using 2017 as the base year, we can compute the CPI in each year:

Subscribe to view the full document.

You've reached the end of this preview.
• Fall '17

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern