Suppose the cost of the basket at the end of 2002 was $5,500, and at the end of 2003 it was $5,775. If the cost of the basket in the base year was $1,000, find the inflation rate for 2003.
A. 27.5%
B. 25.0%
C. 10.0%
D. 5.0%
查看答案
All of the following cause the CPI to measure more inflation than there really is, EXCEPT:
A. substitution bias
B. introduction of new goods
C. unmeasured quality change
D. the steady increase in the number of consumers
Suppose the price of fish increases, so households now buy less fish and more chicken. This will cause the:
A. CPI to measure more inflation than there really is
B. CPI to measure less inflation than there really is.
C. PPI to measure less inflation than there really is
D. GDP deflator to measure less inflation than there really is
Which of the following statements is true？
A. The GDP deflator considers only a basket of goods, while the CPI considers everything produced
B. The GDP deflator includes imports, while the CPI does not
C. The GDP deflator uses a fixed bundle of goods, while the CPI uses a changing bundle of goods
D. The GDP deflator measures the inflation of everything produced in the nation, while the CPI measures the inflation of the goods typically bought by households
If John earned $30,000 in 1990, how much would that be worth in today's dollars? Suppose the CPI was 160 in 1990 and is 220 today.
A. $21,810
B. $50,000
C. $41,250
D. $11,250
微信支付 
支付宝支付