For any given year, the CPI is the price of the basket of goods and services in the
a. given year divided by the price of the basket in the base year, then multiplied by 100.
b. given year divided by the price of the basket in the previous year, then multiplied by 100.
c. base year divided by the price of the basket in the given year, then multiplied by 100.
d. previous year divided by the price of the basket in the given year, then multiplied by 100.
a
Economics
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The value of a dollar
A) is its face value. B) is set by the government. C) is its purchasing power. D) remains constant over time.
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The relationship between the quantity of a good or service sellers are willing to offer for sale at different prices is:
A) supply. B) demand. C) equilibrium. D) disequilibrium.
Economics