# Solved >     61) The information in the above:1240941 …

61) The information in the above table gives the 2000 base period market basket and prices used to construct the CPI for a small nation. The table also has 2010 prices. What is the value of the CPI for 2010?

A) 140

B) 133

C) 100

D) 71.4

E) 142

 Item Quantity (2013) Price (2013) Quantity (2014) Price (2014) Magazines 400 \$5.00 450 \$4.50 Movie tickets 50 \$6.00 200 \$8.00 Pizzas 100 \$10.00 120 \$10.50

The data in the table above shows the consumption by families in an economy. The year 2013 is the reference base period.

62) Based on the table above, the cost of the base period market basket in 2013 is

A) \$3,300.

B) \$4,885.

C) \$4,650.

D) \$3,885.

E) None of the above answers is correct.

63) Based on the table above, the CPI for 2013 is

A) 100.

B) 98.5.

C) 102.5.

D) 5.0%.

E) 105.1.

64) Based on the table above, the CPI for 2014 is

A) 98.5.

B) 105.1.

C) 102.5.

D) 5.0 percent.

E) 100.

65) Based on the table above, between 2013 and 2014, the inflation rate in this country was

A) -1.5 percent.

B) 105.1 percent.

C) 2.5 percent.

D) 98.5 percent.

E) -2.5 percent.

66) A country reports the total expenditures on the fixed CPI basket for the past three years. The cost of the CPI basket in 2010 was \$23,000, the cost of the CPI basket for the reference base period, 2011, was \$23,805, and the cost of the CPI basket in 2012 was \$24,500. The CPI for 2010 is

A) 96.6.

B) 100.0.

C) 103.5.

D) 106.5.

E) 23.0.

67) A country reports the total expenditures on the fixed CPI basket for the past three years. The cost of the CPI basket in 2010 was \$23,000, the cost of the CPI basket for the reference base period, 2011, was \$23,805, and the cost of the CPI basket in 2012 was \$24,500. The CPI for 2012 is

A) 93.9.

B) 97.2.

C) 102.9.

D) 106.5.

E) 245.0.

68) When the CPI rises ________, the inflation rate is ________.

B) rapidly; high

C) slowly; high

D) rapidly; low

E) rapidly; either high, low, or zero depending on whether production of output is increasing, decreasing, or not changing.

69) The inflation rate is the

A) percentage change in the composition of the CPI market basket from the base year to the next year.

B) percentage change in the CPI from one year to the next year.

C) difference between the current period CPI and the base period CPI.

D) difference between the base period CPI and the current period CPI.

E) difference in the price level from one year to the next multiplied by 100.

70) The inflation rate measures the

A) average price of the goods and services consumed by urban consumers.

B) percentage change in the CPI from one year to the next year.

C) cost of the CPI market basket at current period prices divided by the cost of the CPI market basket at base period prices.

D) percentage change in the quantity of goods and services consumed by urban consumers.

E) cost of the CPI market basket at base period prices divided by the cost of the CPI market basket at current period prices.

GraduateWriterHelp.com is an online academic writing platform that provides extensive assistance to graduate school students as they work through their research projects, papers and dissertations. GraduateWriterHelp.com gives students access to experienced professionals who can provide the help they need in a timely and efficient manner. The service offers a wide range of services, including editing, proofreading, formatting, researching and more that can give students the confidence they need to write the perfect paper or dissertation for their chosen subject matter.

GraduateWriterHelp.com offers a wealth of different services designed to make research projects easier for graduate school students. These include editing, proofreading, formatting and researching services, all tailored specifically for graduate-level studies such as PhDs or Master’s degrees in any field from business administration to engineering or even psychology – all with the aim of helping busy students find success in their academics without having to sacrifice other important commitments like family time or work hours towards earning a living wage outside of college hours.

This service allows users only pay for what students need, which tends to be much lower overall because customers pay per hour rather than project basis, thus resulting to greater financial flexibility, especially for those just starting out postgraduate studies looking to conserve some pennies here there whenever possible!

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.