What index is used to measure the average prices paid by a typical family? An average of the prices of the goods and services purchased by a typical family is the: O A. inflation rate index. B. producer price index (PPI) OC. aggregate price level index O D. consumer price index (CPI) Suppose the economy's consumer price index (CPI) in 2008 was 190 and the CPl in 2009 was 201. The inflation rate over the period from 2008-2009 was equal to% (Enter your response rounded to one decimal place.)

ning Time: 09 minutes, 39 seconds. tion Completion Status: O E. frictional, cyclical, and structural unemployment. QUESTION 6 Suppose an individual earned a salary of $12,000 in 1970. If the CPI was 38.8 in 1970 and 258.8 in 2020, then the value of this individual's salary in 2020 dollars is approximately O A. $80,041. O B. $71,456. OC. 593,381. O D.$1,799. O E. $60,398. QUESTION7 If real GDP remains constant we know for sure that O A. output has declined. O B. output has risen but prices have remained constant. O C. prices have remained constant. O D. output has remained constant. O E. output has risen. QUESTION 8 All of the following factors have contributed to the rapid expansion of international trade since the 1980s, except for O A. progress in communications. O B. trade agreements. Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Suppose banks require a real interest rate of 6 percent. If they expect inflation to be 3 percent, what is the nominal interest rate? Multiple Choice O 9 percent O 3 percent 18 percent 2 percent $ % alo5 54 #3 72 M E R & 28 7 田 8 #8 6 T Y U 1 t

The output produced in bushels and the prices of this output ($/bushel) over the last three years for Seth Johnson, a farmer in Amarillo, Texas, are as follows: Year Output (bushels) Price ($/bushel) 2010 70,000 $3.20 2011 75,000 $2.90 2012 80,000 $3.50 Let the base year be 2011. What is the price index for 2012? Select one: O a. 1.094 O b. 0.829 O c. 1.207 O d. 0.914 e