8 in bovania milk constitutes 56 of the typical

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Macroeconomics for Today
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Chapter 6 / Exercise 8
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____8.In Bovania, milk constitutes 56% of the typical basket of goods for a typical consumer. Let’s say the price of milk rises by 4% and the prices of all other goods fall by 10%. Based on the information given, we can definitely say:2
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Macroeconomics for Today
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Chapter 6 / Exercise 8
Macroeconomics for Today
Tucker
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____9.Michael Chang buys only tennis rackets during a particular year. During the year in question, the price of all goods rises by 10% on average, but the price of tennis rackets remains the same. Which statement is correct?
____10.If you deposit money in the bank, in essence, you are:

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