If the cpi is 100 in the base year and 140 in the

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6.If the CPI is 100 in the base year and 140 in the current year, how much did prices rise between these twoyears?a.40 percentb.140 percentc.1.40 percentd.0.14 percent
____7.The base year is the year
b.in which prices are lowest.c.in which prices are highest.d.that serves as a reference point or benchmark.e.in which nominal output is largest.____8.The unemployment rate equals the
____9.A plumber who quits his job in San Diego and moves to Orlando where additional plumbers are needed is saidto be __________ unemployed
____10.Gross Domestic Product (GDP) is the total market value of alla.final goods and services produced annually within a country's borders.b.final and intermediate goods and services produced annually within a country's borders.c.intermediate goods and services produced annually within a country's borders.d.final goods and services produced every month within a country's borders.
____11.Which of the following illustrates double counting?
____12.Which of the following is counted in GDP?
____13.Which of the following would definitelynotbe included in the measurement of GDP?
____14.A business cycle refers to thea.continued expansion in Real GDP.b.recurrent swings (up and down) in Real GDP.c.continued decline in Real GDP.d.period when Real GDP grows at unusually high rates.e.none of the above
____

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