Suppose the market basket of consumer goods and services costs $180 using the base period prices, and the same basket of goods and services costs $300 using the current period prices. The CPI for the current year period equals

In the U.S., the poverty rate is lowest among young families with a head of household under 25

a. True b. False

The marginal revenue product of capital is

a. the increase in output that results from employing one more unit of capital b. the increase in profit that results from employing one more unit of capital c. the increase in revenue that results from employing one more unit of labor d. the increase in revenue that results from employing one more unit of capital e. the increase in profits that results from employing one less unit of labor