EC201 chapter_7_Quiz Full

Answer b diff2 topic inflation skill analytic aacsb

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Unformatted text preview: in 2008 is A) 71.3. B) 140.2. C) 59.8. D) 128.7. Answer: B Diff: 2 Topic: Inflation Skill: Analytic AACSB: Analytic Skills 22) Refer to Table 7.4. If 2006 is the base year, the inflation rate between 2006 and 2007 is A) 12.4%. B) 19.1%. C) 23.2%. D) 17.6%. Answer: C Diff: 3 Topic: Inflation Skill: Analytic AACSB: Analytic Skills 23) Refer to Table 7.4. If 2006 is the base year, the inflation rate between 2006 and 2008 is A) 28.7%. B) 17.4%. C) 25.1%. D) 40.2%. Answer: D Diff: 3 Topic: Inflation Skill: Analytic AACSB: Analytic Skills 24) Refer to Table 7.4. If 2007 is the base year, the inflation rate between 2007 and 2008 is A) 12.2%. B) 7.0%. C) 13.9%. D) 9.4%. Answer: C Diff: 3 Topic: Inflation Skill: Analytic AACSB: Analytic Skills 25) If period base year, the bundle price of goods in period 1 is $300, and the bundle price of goods in period 2 is 1 is the $320, the period 2 price index is A) 93.8. B) 106.2. C) 93.3. D) 106.7. Answer: D Diff: 2 Topic: Inflation Skill: Analytic AACSB:...
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