A. A.Value rose 28.8%. B.Value rose 15.6%. C.Value rose 17.5%. D.Value rose 20.0
ID: 3221473 • Letter: A
Question
A.
A.Value rose 28.8%.
B.Value rose 15.6%.
C.Value rose 17.5%.
D.Value rose 20.0%.
*PLEASE CHOOSE ONE CORRECT ANSWER*
B
A.$5,000
B.$15,000
C.$113,200
D.$53,904
*PLEASE CHOOSE ONE CORRECT ANSWER*
C.
The CPI for "personal computers and peripheral equipment" in June 2006 was 10.7 (1982-1984 = 100). Interpret this index.
A.There was no significant increase in the price of "personal computers and peripheral equipment."
B.The price of "personal computers and peripheral equipment" increased 10.7%.
C.The price of "personal computers and peripheral equipment" decreased 89.3%.
D.If the average price of a computer in 1982-1984 was $3,000, the CPI for "personal computers and peripheral equipment" would predict that the price of a computer in June 2006 would be $893.
*PLEASE CHOOSE ONE CORRECT ANSWER*
1995 Price Quantity Cabbage $0.06 2000 200 $0.10 Carrots (bunch) Peas (quart) $0.20 400 Broccolli (Punch $0.30 100 2007 Price Quantity $0.05 1500 200 $0.12 $0.18 500 $0.50 200Explanation / Answer
Solution:
A. What is the interpretation of the value index?
B)Value rose 15.6%
B.If the CPI rose from 159 in 1993 to 210 in 2007 (1982-84 = 100), what was the "real" take home pay of the employee in 2007?
D) $53,904
C. The CPI for "personal computers and peripheral equipment" in June 2006 was 10.7 (1982-1984 = 100). Interpret this index.
A.There was no significant inc
C)The price of "personal computers and peripheral equipment" decreased 89.3%.
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