If the consumer price index was 100 in the base year and 110 in the following year,

Question:

If the consumer price index was 100 in the base year and 110 in the following year, the inflation rate was ______.

a. 110 percent

b. 100 percent

c. 11 percent

d. 10 percent

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

See More Books

Question Posted: Jan 19, 2023 03:57 AM

See More Questions

A man earned $80,000 when the Consumer Price Index was 200. What were his earnings in terms of $2,000 if the base period was 2000? A. $160,000 B. $80,000 C. $40,000 D. $60,000
If the Consumer Price Index rose from 109.6 to 133.8 over an 8 -year period, what was the equivalent compound annual inflation rate during the period?
The following table lists values of the Consumer Price Index for 24 selected areas both for 2007 and 2011. Construct a five-stem display for the consumer price index in 2011. 2007 2011 Anchorage...
The following is the stockholders' equity section from Chipotle Mexican Grill, Inc.'s balance sheet (in thousands, except per share data). a. Show the computation to derive the $375 thousand for...
Health experts recommend that runners drink 4 ounces of water every 15 minutes they run. Although handheld bottles work well for many types of runs, all-day cross-country runs require hip-mounted or...
Negative reinforcement _________. (a) is similar to punishment (b) seeks to discourage undesirable behaviour (c) seeks to encourage desirable behaviour (d) is also known as escapism
Quarterbacks. Give the five-number summary for the data on passing yards for NFL quarterbacks from Table II.2.
Warner Motors's stock is trading at $20 a share. Call options that expire in three months with a strike price of $20 sell for $1.50. Which of the following will occur if the stock price increases...
Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in...
How might a higher minimum wage raise unemployment rates among some groups and in some locations, but lower them in others?
Efficiency wages ______. a. Can lead to greater unemployment if the quantity of labor supplied is greater than the quantity of labor demanded b. May attract the most productive workers c. May lead to...
Part B of Integrative Case 4.1 compares the profitability of Starbucks with Panera Bread Company. Although Starbucks and Panera Bread Company are not direct competitors in terms of the principal food...
The manager of a division that produces add-on products for the automobile industry had just been presented the opportunity to invest in two independent projects. The first is an air conditioner for...
Ook ht nces Case 5-2 (Algo) Shouldice Hospital in Canada is widely known for one thing-hernia repair! In fact, that is the only operation it performs, and it performs a great many of them. Over the...
A trunk of cone made of Aluminum (E = 70 GPa) and fixed between two rigid walls and without any preloading or thermal input is uniaxially loaded with a force of magnitude of 100 N at point C (300 mm...
Honeyville Company had sales for the year of $ 1 0 0 , 0 0 0 . Of these sales, only $ 3 0 , 0 0 0 were collected in cash. The other $ 7 0 , 0 0 0 is expected to be collected in cash next year. For...
The company does not have a license for Dynamics 365. If you decide to use a Portal Template how many choices will you have
Determine whether the function is one-to-one. (a) y = 4x 2 + 3 (b) y = x + 3 - 5
United Business Forms capital structure is as follows: Debt ............................................ 35% Preferred stock ........................... 15 Common equity .......................... 50...
Would it be possible for monopolistic competition to exist if there were no product differentiation?
1. What are the specific features of the motor vehicle repair industry that have restricted the growth of large-scale operations? 2. What other industries can you think of that exhibit similar...
1. Given that many superstores are opening longer hours, providing counter service, home deliveries, etc., do you agree that the only advantage that many small shops have left is their locality? 2....
September 23 for $1,050 each. On December 24 , it sold one of the diamonds that was purchased on July 9 . Using the specific identification method, its ending inventory (after the December 24 sale)...
Madsen Motors's bonds have 13 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 10%. What is the...
Builder Products, Incorporated, uses the weighted - average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion....

If the consumer price index was 100 in the base year and 110 in the following year,

Question:

Step by Step Answer:

d ...View the full answer

Exploring Economics

Students also viewed these Business questions