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Q12: !Jsing the 1989 base as a base, the price index for computers is now 125. What does this index number mean? A. price of computers has decreased 25% since 1989 B. price of computers has increased 125% since 1989 C. price of computers has increased 25% since 1989 D. none of the above three answers are correct Q13: A economic indicator is one whose changes lag behind or follow changes in the economy. A. Lagging B. Coincidence C. Leading e following except: Q14: Some criticisms of the CPI include all of th I may not reflect current spending priorities A. the market basket used in the CP B. the CPI takes advantage of sale prices C. the CPI does not adjust for changes in quality D. the CPI does not measure prices for rural Americans The following 2 questions (015 to O16) are based on the following information: The CPI's at the start of each decade from 1940 to 1990 were: Year 1940 1950 1960 1970 1980 1990 CPI 140 241 296 388 824 130.7 Q15: What was the rate of inflation for the 1950's, as measured by the percentage change in the CPI? Q16: What was the rate of inflation for the 1960's, as measure the CPI? d by the percentage change in 17: Name the major category added for the market basket of goods and services in 19982 Q Q18: Tuition at University 7 was $1100 per quarter in 1985 (CPI = 107.6). How much should [=175.1)? tuition be in 2001 adjusted for inflation (CP \"True\" or \"False\" 19 to Q20) are either s and services in the market The following 2 questions ht major categories of good Q19: 'Child care' is one of the eig basket. Q20: The current 'base period' that we are on is 1982-1984