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EC201 chapter_7_Quiz Full

# 4if2006isthebaseyeartheinflationratebetween2006and2007

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Unformatted text preview: c AACSB: Analytic Skills 17) Refer to Table 7.3. The lowest inflation rate is between the years A) 2007 and 2008. B) 2006 and 2007. C) 2005 and 2006. D) cannot be determined from the given information Answer: B Diff: 3 Topic: Inflation Skill: Analytic AACSB: Analytic Skills Refer to the information provided in Table 7.4 below to answer the questions that follow. Table 7.4 18) Refer to Table 7.4. The bundle price for the goods in period 2006 is A) \$100. B) \$41. C) \$50.50. D) \$57.50. Answer: B Diff: 2 Topic: Inflation Skill: Analytic AACSB: Analytic Skills 19) Refer to Table 7.4. If 2006 is the base period, the price index in 2006 is A) 1000. B) 100. C) 10. D) 1. Answer: B Diff: 2 Topic: Inflation Skill: Analytic AACSB: Analytic Skills 20) Refer to Table 7.4. If 2006 is the base year, the price index in 2007 is A) 81.9. B) 123.2. C) 119.1. D) 76.8. Answer: B Diff: 2 Topic: Inflation Skill: Analytic AACSB: Analytic Skills 21) Refer to Table 7.4. If 2006 is the base year, the price index...
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