EC201 chapter_7_Quiz Full

3thelowestinflationrateisbetweentheyears a

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Unformatted text preview: c AACSB: Analytic Skills 12) Refer to Table 7.3. If 2006 is the base year, the price index in 2005 is A) 96.0. B) 104.0. C) 111.9. D) 89.3. Answer: D Diff: 2 Topic: Inflation Skill: Analytic AACSB: Analytic Skills 13) Refer to Table 7.3. If 2006 is the base year, the price index in 2007 is A) 93.9. B) 106.1. C) 94.2. D) 105.8. Answer: B Diff: 2 Topic: Inflation Skill: Analytic AACSB: Analytic Skills 14) Refer to Table 7.3 If 2006 is the base year, the price index in 2008 is A) 81.2. B) 118.8. C) 123.2. D) 86.8. Answer: C Diff: 2 Topic: Inflation Skill: Analytic AACSB: Analytic Skills 15) Refer to Table 7.3. If 2006 is the base year, the inflation rate between 2006 and 2007 is A) 3.9%. B) 10.2%. C) 7.4%. D) 6.1%. Answer: D Diff: 3 Topic: Inflation Skill: Analytic AACSB: Analytic Skills 16) Refer to If 2006 is the base year, the inflation rate between 2006 and 2007 is ________ %, and the inflation rate Table 7.3. between 2007 and 2008 is ________ %. A) 7.4; 13.9 B) 6.1; 16.1 C) 3.9; 17.1 D) 10.2; 10.4 Answer: B Diff: 3 Topic: Inflation Skill: Analyti...
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