Question
1.Suppose we have the following basket: Laptops = 200; TVs = 200; Lectures = 100 We have the following prices: P of Laptop P of
1.Suppose we have the following basket:
Laptops = 200; TVs = 200; Lectures = 100
We have the following prices:
P of LaptopP of TVsP of Lectures
2019$750$400$10
2020$900$480$12
2021$863$528$15
What is the inflation rate from 2019 to 2020?
24.7%
20%
13.5%
10%
Not enough information
2.Suppose we have the following information about the CPI for several years.
2017: Base year
2018: 112
2019: 121.7
2020: 136.3
2021: 140
What is the inflation rate from 2017 to 2021?
0%
10%
40%
50%
Not enough information
Flag question: Question 8
3.Using the information from the previous problem, what is the annual inflation rate from 2020 to 2021?
0%
2.7%
12%
15%
125%
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An Inquiry Into The Nature And Causes Of The Wealth Of Nations
Authors: Adam Smith, R H Campbell
1st Edition
0865970068, 9780865970069
