Suppose that the total expenditures for a typical household in 2010 equaled $5,500 per month, while the cost of purchasing exactly the same items in 2015 was $6,875. If 2010 is the base year, the CPI for the year 2015 equals:

The oversimplified formula for the multiplier yields a number that is too large due to the exclusion of

a. variable imports. b. changes in the price-level. c. income taxes. d. All of the above.

The most prevalent type of damage associated with hazardous waste sites is

a. water and soil contamination b. loss of livestock c. fish kills d. air pollution