Fall 2013 Midterm 2 Version A 30) Which of the following is a reason why decreases in the price level result in a rise in aggregate expenditure? Table 9-4Base Year (2006) 2011ProductQuantityPriceQuantityPrice Meat100$10120$12 Potatoes20021803 31) Refer to Table 9-4. Assume the market basket for the consumer price index has two products meat and potatoes with the following values in 2006 and 2011 for price and quantity: If 2006 is the base year, the Consumer Price Index for 2011 equals A) 125. B) 129. C) 135. D) 141. 32) Suppose that an increase in capital per hour worked from $15,000 to $20,000 increases real GDP per hour worked by $500. If capital per hour worked increases further to $25,000, by how much would you expect real GDP per hour worked to increase if there are diminishing returns? NOT THE END OF THE EXAM…TURN THE PAGE.