In 2007, remittances from illegal immigrants in the United States to Mexico
A. continued to rise despite increased crackdowns on illegal immigration.
B. continued to rise because of the decrease in enforcement of immigration laws.
C. began to fall because of increased crackdowns on illegal immigration.
D. began to fall despite a decrease in enforcement of immigration laws.
Answer: C
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If we read that the CPI had value of 120 in 2005, we would know that
a. the typical market basket in 2005 was 20 percent more expensive than in the previous year b. the typical market basket in 2005 was 120 percent more expensive than in the base year c. the typical market basket in the base year was 120 percent more expensive than in 2005 d. the typical market basket in 2005 was 20 percent more expensive than in the base year e. the cost of a loaf of bread is higher now than it has been during the past ten years
The Consumer Price Index (CPI) is a weighted average of all the prices paid by households for goods and services
a. True b. False