In 2008 the price index was calculated at 137.9 with 2003 as the base year. In 2009 the price index increased to 148.7. What was the inflation from 2008-2009? O 7.8% O 7.3% O 10.8%

The price index was 140 in one year and 148.4 in the next year. What was the inflation rate? 8.4 percent O 6.0 percent O 2.4 percent O 4.2 percent

Refer to the information provided in Table 7.4 below to answer the questions that follow. Table 7.4 Good A Good B Good C Units Purchased 5 10 4 2010 $1.00 $2.00 $4.00 Price per Unit in 2011 $1.50 $2.50 $4.50 Refer to Table 7.4. If 2011 is the base year, the inflation rate between 2010 and 2011 is O 23.2%. O 20.4%. O 18.8%. O 14.1%. 2012 $1.50 $3.00 $5.00

If the CPI is 109 one year and 112 the next, the annual rate of inflation as measured by the CPI is approximately: O 1.45% O 3.6% O 2.67% O 2.75%

Suppose the cost of the basket in Year 3 was $4,000 and the cost of the basket in the base year (Year 1) was $4,20o. O a. The inflation rate for Year 3 was 5 per cent O b. The inflation rate for Year 1 was 5 per cent O c. We cannot discern anything from the data provided O d. The CPl for Year 3 is 105

Table 6.2 Year CPI 1 150 154 152 4 156 160 Refer to Table 6.2. If a worker earned $40,000 years ago when the CPI was 140, what is the minimum salary he must earn in year 2 to "more than keep up with inflation"? O $44,000.00 O $43,428.57 O $42,857.14 O $44,571.43 3.

Suppose the consumer price index (CPI) stands at 250 this year. If the inflation rate is 10 percent, then next year's CPI will equal: O 260 $260 O $275 O 275

"If the consumer price index was 102 in the base year and 117 in the following year, the inflation rate was" O 15 percent. 14.7 percent. 7 percent. O 1.07 percent.

Question 2 The GDP deflator in year 4 is 120 and the GDP deflator in year 5 is 130. The rate of inflation between years 4 and 5 is O -10%. O 7.7%. O 8.33%. O 10%.

In 2018, nominal gross domestic product (GDP) in the United States grew 5.2%. However, inflation was 2.4%. What was the real GDP growth rate O 0,5% 7.7% O 2.8% O 2.2%