1.Which of the following is the best example of indexing?
A.trading a domestic currency for US dollars
B.simply calculating the inflation rate is known as indexing
C.adjusting a variable to keep up with the inflation rate
D.choosing the base period for an index
2.When computing a price index, the base period is...
A.the year chosen as the reference point for comparisons
B.the earliest year for which data is available
C.the most recent year in which the infaltion rate was equal to 100
D.the most recent year for which data are available
3.The base period is 2001.Your monthly paycheck is $1000.You recieved a 5% raise in 2002.The CPI in 2002 (base 2001) was 107. Which of the following statements best describes your situation in 2002?
A.Your real wage is $1050 per month
B.Your nominal wage is $1050 per month
C.Your nominal wage is $1020 per month
D.Your nominal wage is $1070 per month
2007-03-18 12:23:50 · 4 answers · asked by blackprincess052001 2 in Social Science ➔ Economics
a
c
c
2007-03-18 12:37:59 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋
I think someone is giving you the wrong answers on purpose. He might be trying to tell you to do your own homework.
2007-03-18 13:14:15 · answer #2 · answered by econgal 5 · 0⤊ 1⤋
1. c
2. a
3. b
However you should try to understand them, they're not so difficult...
2007-03-18 14:11:34 · answer #3 · answered by little einstein 2 · 0⤊ 0⤋
1. d
2. a
3. b
2007-03-18 15:40:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋