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Bob deposits $100 in a bank account that pays an annual interest rate of 5 percent. A year later, Bob withdraws his $105. If deflation was 7 percent during the year the money was deposited, then Bob's purchasing power has increased by 12 percent. O a. True O b. False Core CPI is a price index that only looks at the prices of food and energy and ignores the prices of all other goods and services. O a. True O b. False Table 24-3 The following table lists the per gallon prices of gas and milk for the months of April, May, and June. Assume that the typical consumer buys 60 gallons of gas and 4 gallons of milk each month, and that April is the base period Month Price of Gas Price of Milk (Dollars per gallon) (Dollars per gallon) April 2.00 3.50 May 3.50 3.52 June 3.85 3.58 Refer to Table 24-3. What is the consumer price index for May? O a, 132 O b. 60 O c. 167 O d. 123 Last year real GDP per person in the imaginary nation of Olympus was 4,250. The year before it was 4,100. By about what percentage did Olympian real GDP per person grow during the period? O a. 3.7 percent O b. 1.6 percent O c. 6 percent O d. 2.5 percent