Last year you purchased 20 CDs at $12 a piece, 10 shirts at $15 each, and 5 sweaters at $30 each (total spending equals $540). This year you buy 18 CDs at $15 each, 10 shirts at $16 each, and 6 sweaters at $36 each (total spending equals $640)
If last year's index was 100, this year's index A) is 119.6.
B) is 118.5.
C) is 83.6.
D) is 30.
B
Economics
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Refer to the diagram. Assume that G and T 1 are the relevant curves, the economy is currently at B, and the full-employment GDP is A. This economy has a(n):
A. cyclically adjusted budget surplus.
B. actual budget deficit.
C. cyclically adjusted budget deficit.
D. actual budget surplus.
Economics
Industry profits are maximized in the figure below (QM1 = QM2):
A. at the point where r1 = r2. B. only at point QM1. C. only at point QM2. D. on the line segment joining points QM1 and QM2.
Economics