Marks: 1 Choose one answer. a . $100 b . $500 c . $125 d . $200,000 Choose one a

Question

Marks: 1 Choose one answer. a. $100 b. $500 c. $125 d. $200,000 Choose one answer. Incorrect (not A or C) Marks for this submission: 0/1. Incorrect (not A or C) Marks for this submission: 0/1. Question 9 Marks: 1 Marks: 1 Choose one answer. a. 5% b. 20% c. 25% d. 50% Choose one answer. Incorrect (not C or D) Marks for this submission: 0/1. Incorrect (not C or D) Marks for this submission: 0/1. Question 10 Marks: 1 Which of the following is a shortcoming of a fixed market basket type index?

1. It does not reflect consumer responses to changing prices.
2. It excludes new goods and services.
3. It may not completely account for quality changes.

Choose one answer. a. I only b. I and II c. I and III d. I, II, and III Incorrect (Not B or C) Marks for this submission: 0/1. Question 10 Marks: 1 Marks: 1 Which of the following is a shortcoming of a fixed market basket type index?

1. It does not reflect consumer responses to changing prices.
2. It excludes new goods and services.
3. It may not completely account for quality changes.

Choose one answer. a. I only b. I and II c. I and III d. I, II, and III Incorrect (Not B or C) Marks for this submission: 0/1. Which of the following is a shortcoming of a fixed market basket type index?

1. It does not reflect consumer responses to changing prices.
2. It excludes new goods and services.
3. It may not completely account for quality changes.

Choose one answer. a. I only b. I and II c. I and III d. I, II, and III Choose one answer. Incorrect (Not B or C) Marks for this submission: 0/1. Incorrect (Not B or C) Marks for this submission: 0/1. a. $100 b. $500 c. $125 d. $200,000

Explanation / Answer

1: d = 200000

2: inflation in 2005 = 5%

3: d= I, II, III

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