In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the CPI in 2013?

A) 59
B) 129
C) 169
D) 102

C

Economics

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Which of the following is a problem when comparing GDPs per capita between nations?

a. Fluctuations in exchange rates affect differences in GDP per capita. b. GDP per capita fails to measure income distribution. c. All of the answers are correct. d. GDP per capita is subject to greater measurement errors for LDCs compared to IACs.

Economics

In a two-country world, the depreciation of the domestic currency shifts

A) the AD curve rightward and the SRAS curve leftward. B) the AD curve leftward and the SRAS curve rightward. C) both the AD curve and the SRAS curve rightward. D) both the AD curve and the SRAS curve leftward. E) the AD curve rightward and does not affect the SRAS curve.

Economics