The CPI for "personal computers and peripheral equipment" in July of 2001 was 29.3 (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 29.3%.
C) The price of "personal computers and peripheral equipment" decreased 70.7%.
D) If the average price of a computer in 1982-1984 was $879.00, the CPI for "personal computers and peripheral equipment" would predict that the price of a computer in July
2001 would be $3,000.00.
E) The price of "personal computers and peripheral equipment" decreased 29.3%.
Correct Answer:
Verified
Q46: i. If two or more series of
Q47: i. An index is a convenient way
Q48: i. Besides measuring change in the prices
Q49: i. Canada pension plan payments and old
Q50: i. To construct a special-purpose index designed
Q52: i. Millions of employees in automobile, steel
Q53: i. Social security, old-age pensions, many apartment
Q54: i. Millions of employees in automobile, steel
Q55: i. When two or more series of
Q56: i. The CPI is not just one
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents