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Chap 24 - Macroeconomics (Principles of Economics)
Principles of Economics (Trường Đại học Kinh tế Thành phố Hồ Chí Minh)
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Chapter 11/Measuring the Cost of Living  301
Chapt
er24
Me
as
ur
i
ngt
heCos
tofLi
vi
ng
MULTI
PLECHOI
CE
1.
BabeRut
h,t
hef
amousbas
e
bal
lpl
a
ye
r
,e
ar
ne
d$80,
000i
n1931.
Toda
y
,
t
hebe
s
tbas
e
bal
lpl
a
ye
r
sc
ane
ar
n200t
i
me
sasmuc
hasBabeRut
h
i
n1931.
Howe
ve
r
,pr
i
c
e
sha
veal
s
or
i
s
e
ns
i
nc
e1931
.Wec
anc
onc
l
udet
ha
t
a
.t
hebe
s
tbas
e
bal
lpl
a
ye
r
st
oda
yar
ea
bout200t
i
me
sbe
t
t
e
rofft
hanBa
beRut
hwasi
n1931
.
b.be
c
aus
epr
i
c
e
sha
veal
s
or
i
s
e
n,t
hes
t
andar
dofl
i
vi
ngofbas
e
bal
ls
t
ar
shas
n’
tc
hange
ds
i
nc
e1931
.
c
. onec
annotmakej
udgme
nt
sa
boutc
hange
si
nt
hes
t
andar
dofl
i
vi
ngbas
e
donc
hange
si
npr
i
c
e
sandc
hange
si
ni
nc
ome
s
.
d.onec
annotde
t
e
r
mi
newhe
t
he
rbas
e
bal
ls
t
ar
st
oda
ye
nj
oyahi
ghe
rs
t
andar
dofl
i
vi
ngt
hanBa
beRut
hdi
di
n1931wi
t
houtaddi
t
i
onal
i
nf
or
ma
t
i
onr
e
gar
di
ngi
nc
r
e
as
e
si
npr
i
c
e
ss
i
nc
e193
1
.
ANSWER:
d.
onec
annotde
t
e
r
mi
newhe
t
he
rbas
e
bal
ls
t
ar
st
oda
ye
nj
oyahi
ghe
rs
t
andar
dofl
i
vi
ngt
hanBa
beRut
hdi
di
n1931wi
t
hout
addi
t
i
onali
nf
or
ma
t
i
onr
e
gar
di
ngi
nc
r
e
as
e
si
npr
i
c
e
ss
i
nc
e1931.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
0
2.
Whe
nt
hec
ons
ume
rpr
i
c
ei
nde
xr
i
s
e
s
,t
het
ypi
c
alf
ami
l
y
a
. hast
os
pe
ndmor
edol
l
ar
st
omai
nt
ai
nt
hes
ames
t
andar
dofl
i
vi
ng.
b.c
ans
pe
ndf
e
we
rdol
l
ar
st
omai
nt
ai
nt
hes
ames
t
andar
dofl
i
vi
ng.
c
. findst
ha
ti
t
ss
t
andar
dofl
i
vi
ngi
snotaffe
c
t
e
d.
d.c
anoffs
e
tt
hee
ffe
c
t
sofr
i
s
i
ngpr
i
c
e
sbys
a
vi
ngmor
e
.
ANSWER:
a
.
hast
os
pe
ndmor
edol
l
ar
st
omai
nt
ai
nt
hes
ames
t
andar
dofl
i
vi
ng.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
0
3.
Thec
ons
ume
rpr
i
c
ei
nde
xi
sus
e
dt
o
a
.t
r
ac
kc
hange
si
nt
hel
e
ve
lofwhol
e
s
al
epr
i
c
e
si
nt
hee
c
onomy
.
b.moni
t
orc
hange
si
nt
hec
os
tofl
i
vi
ng.
c
. moni
t
orc
hange
si
nt
hel
e
ve
lofr
e
alGDP
.
d.t
r
ac
kc
hange
si
nt
hes
t
oc
kmar
ke
t
.
ANSWER:
b.
moni
t
orc
hange
si
nt
hec
os
tofl
i
vi
ng.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
0
4.
Thet
e
r
m “i
nfla
t
i
on”i
sus
e
dt
ode
s
c
r
i
beas
i
t
ua
t
i
oni
nwhi
c
h
a
.t
heove
r
al
ll
e
ve
lofpr
i
c
e
si
nt
hee
c
onomyi
si
nc
r
e
as
i
ng.
b.i
nc
ome
si
nt
hee
c
onomyar
ei
nc
r
e
as
i
ng.
c
.s
t
oc
k
mar
ke
tpr
i
c
e
sar
er
i
s
i
ng.
d.t
hee
c
onomyi
sgr
owi
ngr
api
dl
y
.
ANSWER:
a
.
t
heove
r
al
ll
e
ve
lofpr
i
c
e
si
nt
hee
c
onomyi
si
nc
r
e
as
i
ng.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
0
5.
Whe
nt
heove
r
al
ll
e
ve
lofpr
i
c
e
si
nt
hee
c
onomyi
si
nc
r
e
as
i
ng,wes
a
yt
ha
tt
hee
c
onomyi
se
xpe
r
i
e
nc
i
ng
a
.e
c
onomi
cgr
owt
h.
b.i
nfla
t
i
on.
c
. une
mpl
oyme
nt
.
d.de
fla
t
i
on.
ANSWER:
b.
i
nfla
t
i
on.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
0
6.
Thei
nfla
t
i
onr
a
t
ei
sde
fine
dast
he
a
. pr
i
c
el
e
ve
l
.
b.c
hangei
nt
hepr
i
c
el
e
ve
l
.
c
. pr
i
c
el
e
ve
ldi
vi
de
dbyt
hepr
i
c
el
e
ve
li
nt
hepr
e
vi
ouspe
r
i
od.
d.pe
r
c
e
nt
a
gec
hangei
nt
hepr
i
c
el
e
ve
lf
r
om t
hepr
e
vi
ouspe
r
i
od.
ANSWER:
d.
t
hepe
r
c
e
nt
a
gec
hangei
nt
hepr
i
c
el
e
ve
lf
r
om t
hepr
e
vi
ouspe
r
i
od.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
0
7.
TheCPIi
same
as
ur
eoft
heove
r
al
lc
os
tof
a
.i
nput
spur
c
has
e
dbyat
ypi
c
alpr
oduc
e
r
.
b.goodsands
e
r
vi
c
e
sboughtbyat
ypi
c
alc
ons
ume
r
.
c
. goodsands
e
r
vi
c
e
spr
oduc
e
di
nt
hee
c
onomy
.
d.s
t
oc
ksont
heNe
w Yor
kSt
oc
kEx
c
hange
.
ANSWER:
b.
goodsands
e
r
vi
c
e
sboughtbyat
ypi
c
alc
ons
ume
r
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
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302  Chapter 11/Measuring the Cost of Living
8.
Whi
c
hoft
hef
ol
l
owi
nga
ge
nc
i
e
sc
al
c
ul
a
t
e
st
heCPI
?
a
.t
heNa
t
i
onalPr
i
c
eBoar
d
b.t
heDe
par
t
me
ntOfWe
i
ghtandMe
as
ur
e
me
nt
s
c
.t
heBur
e
auofLa
borSt
a
t
i
s
t
i
c
s
d.t
heCongr
e
s
s
i
onalBudge
tOffic
e
ANSWER:
c
.
t
heBur
e
auofLa
borSt
a
t
i
s
t
i
c
s
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
9.
TheCPIi
sc
al
c
ul
a
t
e
d
a
. we
e
kl
y
.
b.mont
hl
y
.
c
. quar
t
e
r
l
y
.
d.ye
ar
l
y
.
ANSWER:
b.
mont
hl
y
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
10. Wha
ti
st
hebas
ke
tofgoodsus
e
dt
oc
ons
t
r
uc
tt
heCPI
?
a
. ar
andom s
ampl
eofal
lgoodsands
e
r
vi
c
e
spr
oduc
e
di
nt
hee
c
onomy
b.t
hegoodsands
e
r
vi
c
e
st
ypi
c
al
l
yboughtbyc
ons
ume
r
s
,ac
c
or
di
ngt
oBur
e
auofLaborSt
a
t
i
s
t
i
c
ss
ur
ve
ys
c
. goodsands
e
r
vi
c
e
swe
i
ght
e
dbyt
her
a
t
i
oofe
xpe
ndi
t
ur
e
sont
he
mr
e
l
a
t
i
vet
ot
hec
ons
umpt
i
onc
ompone
ntofGDP
d.t
hel
e
as
tandt
hemos
te
xpe
ns
i
vegoodsands
e
r
vi
c
e
si
ne
ac
hma
j
orc
a
t
e
gor
yofc
ons
ume
re
xpe
ndi
t
ur
e
s
ANSWER:
b.
t
hegoodsands
e
r
vi
c
e
st
ypi
c
al
l
yboughtbyc
ons
ume
r
s
,ac
c
or
di
ngt
oBur
e
auofLaborSt
a
t
i
s
t
i
c
ss
ur
ve
ys
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
11. Whi
c
hgoodsar
es
uppos
e
dt
obei
nc
l
ude
di
nt
heCPI
?
a
. al
lgoodsands
e
r
vi
c
e
spr
oduc
e
di
nt
hee
c
onomy
b.al
lgoodsands
e
r
vi
c
e
st
ha
tt
ypi
c
alc
ons
ume
r
sbuy
c
. al
lgoodsands
e
r
vi
c
e
si
nt
hec
ons
umpt
i
onc
ompone
ntoft
heGDPac
c
ount
s
d.al
lt
hegoods
,
butnott
hes
e
r
vi
c
e
s
,
i
nt
hec
ons
umpt
i
onc
ompone
ntoft
heGDPac
c
ount
s
ANSWER:
b.
al
lgoodsands
e
r
vi
c
e
st
ha
tt
ypi
c
alc
ons
ume
r
sbuy
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
12. I
nt
heCPI
,goodsands
e
r
vi
c
e
sar
ewe
i
ght
e
dac
c
or
di
ngt
o
a
. how muc
hc
ons
ume
r
sbuyofe
ac
hi
t
e
m.
b.whe
t
he
rt
hegoodsands
e
r
vi
c
e
sar
ene
c
e
s
s
i
t
i
e
sorl
uxur
i
e
s
.
c
.t
hel
e
ve
l
sofpr
oduc
t
i
onoft
hegoodsands
e
r
vi
c
e
si
nt
hedome
s
t
i
ce
c
onomy
.
d.byt
hee
xpe
ndi
t
ur
e
sont
he
mi
nt
heGDPna
t
i
onali
nc
omea
c
c
ount
s
.
ANSWER:
a
.
how muc
hc
ons
ume
r
sbuyofe
ac
hi
t
e
m.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
13. How ar
et
hewe
i
ght
sont
hevar
i
ousgoodsands
e
r
vi
c
e
si
nt
heCPIbas
ke
tde
t
e
r
mi
ne
d?
a
. Al
lgoodsands
e
r
vi
c
e
sar
ewe
i
ght
e
de
qual
l
y
.
b.A s
ur
ve
yi
sc
onduc
t
e
dt
ode
t
e
r
mi
nehow muc
hofe
a
c
hgoodands
e
r
vi
c
et
ypi
c
alc
ons
ume
r
spur
c
has
e
.
c
.t
hewe
i
ght
se
qualt
her
a
t
i
oofe
xpe
ndi
t
ur
e
sone
ac
hgoodors
e
r
vi
c
edi
vi
de
dbyt
het
ot
alc
ons
umpt
i
one
xpe
ndi
t
ur
e
si
nt
heGDP
ac
c
ount
s
.
d.Eac
hgoodands
e
r
vi
c
ei
swe
i
ght
e
dac
c
or
di
ngt
oi
t
spr
i
c
e
.
ANSWER:
b.
As
ur
ve
yi
sc
onduc
t
e
dt
ode
t
e
r
mi
nehow muc
hofe
ac
hgoodands
e
r
vi
c
et
ypi
c
alc
ons
ume
r
spur
c
has
e
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
14. Thes
t
e
psi
nvol
ve
di
nc
al
c
ul
a
t
i
ngt
hec
ons
ume
rpr
i
c
ei
nde
xi
nc
l
ude
,
i
nor
de
r
:
a
.c
hoos
eabas
eye
ar
,fixt
hebas
ke
t
,c
omput
et
hei
nfla
t
i
onr
a
t
e
,
c
omput
et
hebas
ke
t
’
sc
os
t
,andc
omput
et
hei
nde
x.
b.c
hoos
eabas
eye
ar
,findt
hepr
i
c
e
s
,
fixt
hebas
ke
t
,c
omput
et
hebas
ke
t
’
sc
os
t
,andc
omput
et
hei
nde
x.
c
. fixt
hebas
ke
t
,findt
hepr
i
c
e
s
,c
omput
et
hebas
ke
t
’
sc
os
t
,c
hoos
eabas
eye
arandc
omput
et
hei
nde
x.
d.fixt
hebas
ke
t
,findt
hepr
i
c
e
s
,c
omput
et
hei
nfla
t
i
onr
a
t
e
,
c
hoos
eabas
eye
arandc
omput
et
hei
nde
x
.
ANSWER:
c
.
fixt
hebas
ke
t
,findt
hepr
i
c
e
s
,c
omput
et
hebas
ke
t
’
sc
os
t
,c
hoos
eabas
eye
ar
,andc
omput
et
hei
nde
x.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
Us
et
het
abl
ebe
l
ow t
oans
we
rt
hef
ol
l
owi
ngt
woque
s
t
i
ons
.
15. Suppos
e
ye
ar
bas
ke
t
pe
ac
he
s
2000
andt
ha
t
i
st
he
2001
2001?
a
. 100
b.120
c
. 200
d.240
ANSWER:
b.
120
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
pe
ac
he
s
pe
c
ans
$11pe
rbus
he
l
$6pe
rbus
he
l
$9pe
rbus
he
l
$10pe
rbus
he
l
Downloaded by 12. Nguy?n Th? Trà M ([email protected])
t
ha
tt
het
ypi
c
alc
ons
ume
r
c
ons
i
s
t
sof10bus
he
l
sof
and15bus
he
l
sofpe
c
ans
t
hebas
eye
ari
s2000.
Wha
t
c
ons
ume
rpr
i
c
ei
nde
xf
or
lOMoARcPSD|16208371
Chapter 11/Measuring the Cost of Living  303
16. Wha
twast
hei
nfla
t
i
onr
a
t
ei
n2001?
a
. 20pe
r
c
e
nt
b.16.
7pe
r
c
e
nt
c
. 10pe
r
c
e
nt
d.8pe
r
c
e
nt
ANSWER:
a
.
20pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
Us
et
het
abl
ebe
l
ow t
oans
we
rt
hef
ol
l
owi
ngt
woque
s
t
i
ons
.
17. Suppos
et
ha
tt
hebas
ke
tofgoodsi
nt
heCPIc
ons
i
s
t
e
dof3uni
t
sofpor
kand2uni
t
sofc
or
n.
Wha
ti
st
hec
ons
ume
rpr
i
c
ei
nde
xf
or2004i
f
t
hebas
eye
ari
s2003?
a
. 100
ye
ar
pr
i
c
eofpor
k
pr
i
c
eofc
or
n
b.105
2003
$20
$20
c
. 115
d.120
ANSWER:
d.
120
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
2004
$20
$30
18. Suppos
et
ha
tt
hebas
ke
tofgoodsi
nt
heCPIc
ons
i
s
t
e
dof3uni
t
sofpor
kand2uni
t
sofc
or
n.
Wha
ti
st
hei
nfla
t
i
onr
a
t
ef
or2004?
a
. 33.
3pe
r
c
e
nt
b.25pe
r
c
e
nt
c
. 20pe
r
c
e
nt
d.15pe
r
c
e
nt
ANSWER:
c
.
20pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
19. Themar
ke
tbas
ke
tus
e
dt
oc
al
c
ul
a
t
et
heCPIi
nAqui
l
oni
ai
s4l
oa
ve
sofbr
e
ad,
6gal
l
onsofmi
l
k,2s
hi
r
t
sand2pant
s
.
I
n2001br
e
adc
os
t
$1.
00pe
rl
oaf
,mi
l
kc
os
t$1.
50pe
rgal
l
on,s
hi
r
t
sc
os
t$6.
00e
ac
handpant
sc
os
t$10.
00pe
rpai
r
.I
n2002br
e
adc
os
t$1.
50pe
rl
oaf
,
mi
l
kc
os
t
$2.
00pe
rgal
l
on,s
hi
r
t
sc
os
t$7.
00e
ac
handpant
sc
os
t$12.
00pe
rpai
r
.Wha
twast
hei
nfla
t
i
onr
a
t
e
,a
sme
as
ur
e
dbyt
heCPI
,f
orAqui
l
oni
a
be
t
we
e
n2001and2002?
a
. 30pe
r
c
e
nt
b.24.
4pe
r
c
e
nt
c
. 21.
6pe
r
c
e
nt
d.I
ti
si
mpos
s
i
bl
et
ode
t
e
r
mi
newi
t
houtknowi
ngt
hebas
eye
ar
.
ANSWER:
b.
24.
4pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:
3SECTI
ON:11
.
1
Us
et
hef
ol
l
owi
ngi
nf
or
ma
t
i
ont
oans
we
rt
hene
xtf
ourque
s
t
i
ons
.
I
nt
hec
ount
r
yofShe
m,t
heCPIi
sc
al
c
ul
a
t
e
dus
i
ngamar
ke
tbas
ke
tc
ons
i
s
t
i
ngof5appl
e
s
,4l
oa
ve
sofbr
e
ad,3r
obe
sand2gal
l
onsofgas
ol
i
ne
.
Thepe
r
uni
tpr
i
c
e
soft
he
s
egoodsha
vebe
e
nasf
ol
l
ows
:
20. Wha
twast
hei
nfla
t
i
onr
a
t
e
,
asme
as
ur
e
dbyt
heCPI
,
be
t
we
e
n1999and2000?
a
. –8.
89pe
r
c
e
nt
b.–7.
14pe
r
c
e
nt
Ye
ar
Appl
e
s
c
. 3.
75pe
r
c
e
nt
1999
$1
.
00
d.I
ti
si
mpos
s
i
bl
et
ode
t
e
r
mi
newi
t
houtknowi
ngt
he
2
0
0
0
$
1
.
00
bas
eye
ar
.
ANSWER:
a
.
–8.
89pe
r
c
e
nt
2001
$2
.
00
TYPE:
M DI
FFI
CULTY:
3SECTI
ON:11
.
1
2002
$3
.
00
Br
e
ad
Robe
s
Gas
ol
i
ne
$2
.
00
$10
.
00
$1.
00
$1
.
50
$9
.
00
$1.
50
$2
.
00
$11
.
00
$2.
00
$3
.
00
$15
.
00
$2.
50
21. Wha
twast
hei
nfla
t
i
onr
a
t
e
,
asme
as
ur
e
dbyt
heCPI
,
be
t
we
e
n2000and2001?
a
. 28.
5pe
r
c
e
nt
b.34.
2pe
r
c
e
nt
c
. 47pe
r
c
e
nt
d.I
ti
si
mpos
s
i
bl
et
ode
t
e
r
mi
newi
t
houtknowi
ngt
hebas
eye
ar
.
ANSWER:
b.
34.
2pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:
3SECTI
ON:11
.
1
22. Wha
twast
hei
nfla
t
i
onr
a
t
e
,
asme
as
ur
e
dbyt
heCPI
,
be
t
we
e
n2001and2002?
a
. 40pe
r
c
e
nt
b.40.
25pe
r
c
e
nt
c
. 46.
46pe
r
c
e
nt
d.I
ti
si
mpos
s
i
bl
et
ode
t
e
r
mi
newi
t
houtknowi
ngt
hebas
eye
ar
.
ANSWER:
a
.
40pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:
3SECTI
ON:11
.
1
Downloaded by 12. Nguy?n Th? Trà M ([email protected])
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304  Chapter 11/Measuring the Cost of Living
23. Fort
heCPI
,t
hebas
eye
ari
s
a
.t
hebe
nc
hmar
ka
gai
ns
twhi
c
hot
he
rye
ar
sar
ec
ompa
r
e
d,andi
tc
ha
nge
se
ac
hye
ar
.
b.t
hebe
nc
hmar
ka
gai
ns
twhi
c
hot
he
rye
ar
sar
ec
ompa
r
e
d,andi
tc
ha
nge
soc
c
as
i
onal
l
y
.
c
.t
heye
art
heCPIfir
s
tappe
ar
e
d.
d.al
wa
ys1989.
ANSWER:
b.
t
hebe
nc
hmar
ka
gai
ns
twhi
c
hot
he
rye
ar
sar
ec
ompar
e
d,andi
tc
ha
nge
soc
c
as
i
onal
l
y
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
24. Foranygi
ve
nye
ar
,t
heCPIi
st
hepr
i
c
eoft
hebas
ke
tofgoodsands
e
r
vi
c
e
si
nt
he
a
. gi
ve
nye
ardi
vi
de
dbyt
hepr
i
c
eoft
hebas
ke
ti
nt
hebas
eye
ar
,t
he
nmul
t
i
pl
i
e
dby100.
b.gi
ve
nye
ardi
vi
de
dbyt
hepr
i
c
eoft
hebas
ke
ti
nt
hepr
e
vi
ousye
ar
,t
he
nmul
t
i
pl
i
e
dby100
.
c
. bas
eye
ardi
vi
de
dbyt
hepr
i
c
eoft
hebas
ke
ti
nt
hegi
ve
nye
ar
,t
he
nmul
t
i
pl
i
e
dby100.
d.pr
e
vi
ousye
ardi
vi
de
dbyt
hepr
i
c
eoft
hebas
ke
ti
nt
hegi
ve
nye
ar
,t
he
nmul
t
i
pl
i
e
dby100
.
ANSWER:
a
.
gi
ve
nye
ardi
vi
de
dbyt
hepr
i
c
eoft
hebas
ke
ti
nt
hebas
eye
ar
,t
he
nmul
t
i
pl
i
e
dby100.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
25. Thei
nfla
t
i
onr
a
t
ei
sc
al
c
ul
a
t
e
d
a
.f
r
om as
ur
ve
yofc
ons
ume
rs
pe
ndi
ng.
b.byaddi
ngupt
hepr
i
c
ei
nc
r
e
as
e
sofal
lgoodsands
e
r
vi
c
e
s
.
c
. byc
omput
i
ngas
i
mpl
ea
ve
r
a
geoft
hepr
i
c
ei
nc
r
e
as
ei
nal
lgoodsands
e
r
vi
c
e
s
.
d.byde
t
e
r
mi
ni
ngt
hepe
r
c
e
nt
a
gei
nc
r
e
as
ei
nt
hepr
i
c
ei
nde
xf
r
om t
hepr
e
c
e
di
ngpe
r
i
od.
ANSWER:
d.
byde
t
e
r
mi
ni
ngt
hepe
r
c
e
nt
a
gei
nc
r
e
as
ei
nt
hepr
i
c
ei
nde
xf
r
om t
hepr
e
c
e
di
ngpe
r
i
od.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
26. I
ft
hi
sye
art
heCPIi
s125andl
as
tye
ari
twas120
,t
he
nweknow t
ha
t
a
. al
lgoodsha
vebe
c
omemor
ee
xpe
ns
i
ve
.
b.t
hepr
i
c
el
e
ve
lhasi
nc
r
e
as
e
d.
c
.t
hei
nfla
t
i
onr
a
t
ehasi
nc
r
e
as
e
d.
d.Al
loft
heabovear
ec
or
r
e
c
t
.
ANSWER:
b.
t
hepr
i
c
el
e
ve
lhasi
nc
r
e
as
e
d.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
27. I
ft
hec
ons
ume
rpr
i
c
ei
nde
xwas100i
nt
hebas
eye
arand107t
hef
ol
l
owi
ngye
ar
,t
hei
nfla
t
i
onr
a
t
ewas
a
. 107pe
r
c
e
nt
.
b.10.
7pe
r
c
e
nt
.
c
. 7pe
r
c
e
nt
.
d.Noneoft
heabovear
ec
or
r
e
c
t
.
ANSWER:
c
.
7pe
r
c
e
nt
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
28. I
ft
hepr
i
c
ei
nde
xi
nt
hefir
s
tye
arwas90,
i
nt
hes
e
c
ondye
arwas100
,andi
nt
het
hi
r
dye
arwas9
5
,t
hee
c
onomye
xpe
r
i
e
nc
e
d
a
. 10pe
r
c
e
nti
nfla
t
i
onbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
sand5pe
r
c
e
nti
nfla
t
i
onbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
s
.
b.10pe
r
c
e
nti
nfla
t
i
onbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
sand5pe
r
c
e
ntde
fla
t
i
onbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
s
.
c
. 11pe
r
c
e
nti
nfla
t
i
onbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
sand5pe
r
c
e
nti
nfla
t
i
onbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
s
.
d.11pe
r
c
e
nti
nfla
t
i
onbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
sand5pe
r
c
e
ntde
fla
t
i
onbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
s
.
ANSWER:
d.
11pe
r
c
e
nti
nfla
t
i
onbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
sand5pe
r
c
e
ntde
fla
t
i
onbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
s
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
29. Thepr
i
c
ei
nde
xi
nt
hefir
s
tye
ari
s100
,i
nt
hes
e
c
ondye
ari
s90,
andi
nt
het
hi
r
dye
ari
s80.
Wha
ti
st
hede
fla
t
i
onr
a
t
ebe
t
we
e
nt
hefir
s
tand
s
e
c
ondye
ar
,andbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
?
a
. 11pe
r
c
e
ntbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
,11pe
r
c
e
ntbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
b.11pe
r
c
e
ntbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
,12pe
r
c
e
ntbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
c
. 10pe
r
c
e
ntbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
,11pe
r
c
e
ntbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
d.10pe
r
c
e
ntbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
,12pe
r
c
e
ntbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
ANSWER:
c
.
10pe
r
c
e
ntbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
,11pe
r
c
e
ntbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
30. Thepr
i
c
ei
nde
xi
nt
hefir
s
tye
ari
s125
,i
nt
hes
e
c
ondye
ari
s150,
andi
nt
het
hi
r
dye
ari
s200.
Wha
ti
st
hei
nfla
t
i
onr
a
t
ebe
t
we
e
nt
hefir
s
t
ands
e
c
ondye
arandbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
?
a
. 20pe
r
c
e
ntbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
,33pe
r
c
e
ntbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
b.25pe
r
c
e
ntbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
,75pe
r
c
e
ntbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
c
. 25pe
r
c
e
ntbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
,50pe
r
c
e
ntbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
d.50pe
r
c
e
ntbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
,100pe
r
c
e
ntbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
ANSWER:
a
.
20pe
r
c
e
ntbe
t
we
e
nt
hefir
s
tands
e
c
ondye
ar
,33pe
r
c
e
ntbe
t
we
e
nt
hes
e
c
ondandt
hi
r
dye
ar
TYPE:
TFDI
FFI
CULTY:2SECTI
ON:11.
1
Downloaded by 12. Nguy?n Th? Trà M ([email protected])
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Chapter 11/Measuring the Cost of Living  305
31. Whi
c
hc
ha
ngei
nt
hepr
i
c
ei
nde
xs
howst
hegr
e
a
t
e
s
tr
a
t
eofi
nfla
t
i
on:100t
o110
,150t
o165,
or180t
o198?
a
. 100t
o110
b.150t
o165
c
. 180t
o198
d.Al
lc
hange
ss
how t
hes
amer
a
t
eofi
nfla
t
i
on.
ANSWER:
d.
Al
lc
hange
ss
how t
hes
amer
a
t
eofi
nfla
t
i
on.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
32. Whi
c
hc
ha
ngei
nt
hepr
i
c
ei
nde
xs
howst
hegr
e
a
t
e
s
tr
a
t
eofi
nfla
t
i
on:80t
o100
,100t
o120,
or150t
o170?
a
. 80t
o100
b.100t
o120
c
. 150t
o170
d.Al
lc
hange
ss
how t
hes
amer
a
t
eofi
nfla
t
i
on.
ANSWER:
a
.
80t
o100
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
33. Fr
om Oc
t
obe
r2001t
oOc
t
obe
r2002t
heCPIi
nCanadar
os
ef
r
om 116.
5t
o119
.
8.
I
nMe
xi
c
oi
tr
os
ef
r
om 97.
2t
o102.
3
.Wha
twe
r
et
he
i
nfla
t
i
onr
a
t
e
sf
orCanadaandMe
xi
c
o?
a
. 3.
3pe
r
c
e
ntand6
.
7pe
r
c
e
nt
b.3.
3pe
r
c
e
ntand5
.
1pe
r
c
e
nt
c
. 2.
8pe
r
c
e
ntand6
.
7pe
r
c
e
nt
d.2.
8pe
r
c
e
ntand5
.
2pe
r
c
e
nt
ANSWER:
b.
3.
3pe
r
c
e
ntand5
.
1pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
34. Thepr
i
c
ei
nde
xi
n2001i
s120
,andi
n2002t
hepr
i
c
ei
nde
xi
s127.
2
.Wha
ti
st
hei
nfla
t
i
onr
a
t
e
?
a
. 5pe
r
c
e
nt
b.6pe
r
c
e
nt
c
. 8pe
r
c
e
nt
d.Thei
nfla
t
i
onr
a
t
ei
si
mpos
s
i
bl
et
ode
t
e
r
mi
newi
t
houtknowi
ngt
hebas
eye
ar
.
ANSWER:
b.
6pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
35. Thepr
i
c
ei
nde
xi
s320i
noneye
arand360i
nt
hene
xt
.
Wha
twast
hei
nfla
t
i
onr
a
t
e
?
a
. 6.
7pe
r
c
e
nt
b.8pe
r
c
e
nt
c
. 11.
1pe
r
c
e
nt
d.12.
5pe
r
c
e
nt
ANSWER:
d.
12.
5pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
36. Thepr
i
c
ei
nde
xi
s270i
noneye
arand300i
nt
hene
xt
.
Wha
twast
hei
nfla
t
i
onr
a
t
e
?
a
. 9.
3pe
r
c
e
nt
b.10pe
r
c
e
nt
c
. 11.
1pe
r
c
e
nt
d.Noneoft
heabovear
ec
or
r
e
c
t
.
ANSWER:
c
.
11.
1pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
37. Thepr
i
c
ei
nde
xi
s180i
noneye
arand210i
nt
hene
xt
.
Wha
twast
hei
nfla
t
i
onr
a
t
e
?
a
. 16.
7pe
r
c
e
nt
b.14.
3pe
r
c
e
nt
c
. 11.
1pe
r
c
e
nt
d.Noneoft
heabovear
ec
or
r
e
c
t
.
ANSWER:
a
.
16.
7pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
38. Ani
nfla
t
i
onr
a
t
ec
al
c
ul
a
t
e
dus
i
ngt
heCPIs
howst
her
a
t
eofc
ha
ngeof
a
. al
lpr
i
c
e
s
.
b.t
hepr
i
c
e
sofal
lfinalgoodsands
e
r
vi
c
e
s
.
c
.t
hepr
i
c
e
sofal
lc
ons
ume
rgoods
.
d.t
hepr
i
c
e
sofs
omec
ons
ume
rgoods
.
ANSWER:
d.
t
hepr
i
c
e
sofs
omec
ons
ume
rgoods
.
TYPE:
M DI
FFI
CULTY:3SECTI
ON:11.
1
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306  Chapter 11/Measuring the Cost of Living
39. Fr
om 2000t
o2001t
heCPIf
orme
di
c
alc
ar
er
os
ef
r
om 260.
8t
o272
.
8.
Wha
twast
hei
nfla
t
i
onr
a
t
ef
orme
di
c
alc
ar
e
?
a
. 12pe
r
c
e
nt
b.11.
1pe
r
c
e
nt
c
. 4.
9pe
r
c
e
nt
d.4.
6pe
r
c
e
nt
ANSWER:
d.
4.
6pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
Fort
hene
xtt
woque
s
t
i
onsc
ons
i
de
rt
het
abl
ebe
l
ow.
40. Amongt
he
s
ec
a
t
e
gor
i
e
s
,wha
twast
hehi
ghe
s
tr
a
t
eofi
nfla
t
i
on?
a
. 6.
6pe
r
c
e
nt
b.5.
2pe
r
c
e
nt
c
. 3.
9pe
r
c
e
nt
FoodandBe
ve
r
a
ge
s
d.3.
1pe
r
c
e
nt
Hous
i
ng
ANSWER:
c
.
3.
9pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
Tr
ans
por
t
a
t
i
on
2000
2001
168
.
4
173.
6
169
.
6
176.
2
153
.
3
154.
3
41. Oft
hos
ec
a
t
e
gor
i
e
s
,
whi
c
honehadt
hehi
ghe
s
ti
nc
r
e
as
eandwhi
c
honehadt
hel
owe
s
tr
a
t
eofi
nfla
t
i
on?
a
. FoodandBe
ve
r
a
ge
s
,
Hous
i
ng
b.FoodandBe
ve
r
a
ge
s
,
Tr
ans
por
t
a
t
i
on
c
. Hous
i
ng,FoodandBe
ve
r
a
ge
s
d.Hous
i
ng,Tr
ans
por
t
a
t
i
on
ANSWER:
d.
Hous
i
ng,Tr
ans
por
t
a
t
i
on
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
42. Byf
art
hel
ar
ge
s
tc
a
t
e
gor
yofgoodsands
e
r
vi
c
e
si
nt
heCPIbas
ke
ti
s
a
. hous
i
ng.
b.r
e
c
r
e
a
t
i
on.
c
.t
r
ans
por
t
a
t
i
on.
d.f
oodandbe
ve
r
a
ge
s
.
ANSWER:
a
.
hous
i
ng.
TYPE:
TFDI
FFI
CULTY:2SECTI
ON:11.
1
43. Ca
t
e
gor
i
e
sofU.
S.c
ons
ume
rs
pe
ndi
ng,r
anke
df
r
om l
ar
ge
s
tt
os
mal
l
e
s
tar
e
:
a
.f
oodandbe
ve
r
a
ge
s
,hous
i
ng,t
r
ans
por
t
a
t
i
on,andme
di
c
alc
ar
e
.
b.me
di
c
alc
ar
e
,
hous
i
ng,f
oodandbe
ve
r
a
ge
s
,andt
r
ans
por
t
a
t
i
on.
c
. hous
i
ng,f
oodandbe
ve
r
a
ge
s
,t
r
ans
por
t
a
t
i
on,andme
di
c
alc
ar
e
.
d.hous
i
ng,t
r
ans
por
t
a
t
i
on,f
oodandbe
ve
r
a
ge
s
,
andme
di
c
alc
ar
e
.
ANSWER:
d.
hous
i
ng,t
r
ans
por
t
a
t
i
on,f
oodandbe
ve
r
a
ge
s
,
andme
di
c
alc
ar
e
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
44. Aboutwha
tpe
r
c
e
nt
a
geofU.
S.
c
ons
ume
rs
pe
ndi
ngdoe
sf
oodanddr
i
nkmakeup?
a
. 6pe
r
c
e
nt
b.12pe
r
c
e
nt
c
. 16pe
r
c
e
nt
d.20pe
r
c
e
nt
ANSWER:
c
.
16pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
45. Oft
hef
ol
l
owi
ng,whi
c
hmake
supt
hes
mal
l
e
s
tc
a
t
e
gor
yofc
ons
ume
rs
pe
ndi
ngi
nt
heUni
t
e
dSt
a
t
e
s
?
a
.f
oodandbe
ve
r
a
ge
s
b.t
r
ans
por
t
a
t
i
on
c
. hous
i
ng
d.appar
e
l
ANSWER:
d.
appar
e
l
TYPE:
M DI
FFI
CULTY:1SECTI
ON:23.
1
46. I
nU.
S.
c
ons
ume
rs
pe
ndi
ng,hous
i
ng,f
oodandbe
ve
r
a
ge
,andme
di
c
ale
xpe
ndi
t
ur
e
se
ac
hmakeupwha
tpe
r
c
e
ntoft
ot
alc
ons
umpt
i
on?
a
. 41,
16,
6
b.41,
6,
16
c
. 16,
41,
6
d.6,
41,
16
ANSWER:
a
.
41,
16,
6
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
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Chapter 11/Measuring the Cost of Living  307
47. I
ft
hec
os
tofhous
i
ngi
nc
r
e
as
e
sby10pe
r
c
e
nt
,
t
he
n,ot
he
rt
hi
ngst
hes
ame
,
t
heCPIi
sl
i
ke
l
yt
oi
nc
r
e
as
ebyabout
a
. 10pe
r
c
e
nt
.
b. 8
.
5pe
r
c
e
nt
.
c
. 6pe
r
c
e
nt
.
d. 4pe
r
c
e
nt
.
ANSWER:
d.
4pe
r
c
e
nt
.
TYPE:
M DI
FFI
CULTY:3SECTI
ON:11.
1
48. I
ft
hec
os
tofme
di
c
alc
ar
ei
nc
r
e
as
e
sby50pe
r
c
e
nt
,
t
he
n,ot
he
rt
hi
ngst
hes
ame
,t
heCPIi
sl
i
ke
l
yt
oi
nc
r
e
as
ebyabout
a
. 3pe
r
c
e
nt
.
b.6pe
r
c
e
nt
.
c
. 9pe
r
c
e
nt
.
d.18pe
r
c
e
nt
.
ANSWER:
a
.
3pe
r
c
e
nt
.
TYPE:
M DI
FFI
CULTY:3SECTI
ON:11.
1
49. I
ft
hec
os
toft
r
ans
por
t
a
t
i
onandt
hec
os
toff
oodandbe
ve
r
a
ge
sbot
hi
nc
r
e
as
eby30pe
r
c
e
nt
,ot
he
rt
hi
ngst
hes
ame
,t
heCPIi
sl
i
ke
l
yt
o
i
nc
r
e
as
ebya
bout
a
. 3pe
r
c
e
nt
.
b.6pe
r
c
e
nt
.
c
. 10pe
r
c
e
nt
.
d.16pe
r
c
e
nt
.
ANSWER:
c
.
10pe
r
c
e
nt
.
TYPE:
M DI
FFI
CULTY:3SECTI
ON:11.
1
50. Thepr
oduc
e
rpr
i
c
ei
nde
xme
as
ur
e
st
hec
os
tofabas
ke
tofgoodsands
e
r
vi
c
e
s
a
.t
ypi
c
aloft
hos
epr
oduc
e
di
nt
hee
c
onomy
.
b.pr
oduc
e
df
orat
ypi
c
alc
ons
ume
r
.
c
.s
ol
dbypr
oduc
e
r
s
.
d.boughtbyfir
ms
.
ANSWER:
d.
boughtbyfir
ms
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
51. Change
si
nt
hepr
oduc
e
rpr
i
c
ei
nde
xar
eof
t
e
nt
houghtt
obeus
e
f
uli
npr
e
di
c
t
i
ngc
hange
si
n
a
.t
hes
t
oc
kpr
i
c
ei
nde
x.
b.t
hec
ons
ume
rpr
i
c
ei
nde
x.
c
.c
ons
ume
rc
onfide
nc
e
.
d.t
her
a
t
eofout
putofgoodsands
e
r
vi
c
e
s
.
ANSWER:
b.
t
hec
ons
ume
rpr
i
c
ei
nde
x.
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
52. Suppos
et
hani
n2002
,t
hepr
oduc
e
rpr
i
c
ei
nde
xi
nc
r
e
as
e
sby2pe
r
c
e
nt
.Asar
e
s
ul
t
,
e
c
onomi
s
t
smos
tl
i
ke
l
ywi
l
lpr
e
di
c
tt
ha
t
a
. GDPwi
l
li
nc
r
e
as
ei
nt
hene
xtye
ar
.
b.ne
xtye
art
hepr
oduc
e
rpr
i
c
ei
nde
xwi
l
lf
al
l
.
c
.t
hee
x
c
hanger
a
t
ewi
l
li
nc
r
e
as
ei
nt
hef
ut
ur
e
.
d.t
hec
ons
ume
rpr
i
c
ei
nde
xwi
l
li
nc
r
e
as
ei
nt
hef
ut
ur
e
.
ANSWER:
d.
t
hec
ons
ume
rpr
i
c
ei
nde
xwi
l
li
nc
r
e
as
ei
nt
hef
ut
ur
e
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
53. Thegoaloft
hec
ons
ume
rpr
i
c
ei
nde
xi
st
ome
as
ur
ec
hange
si
nt
he
a
.c
os
t
sofpr
oduc
t
i
on
b.c
os
tofl
i
vi
ng.
c
.r
e
l
a
t
i
vepr
i
c
e
sofc
ons
ume
rgoods
.
d.pr
oduc
t
i
onofc
ons
ume
rgoods
.
ANSWER:
b.
c
os
tofl
i
vi
ng.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:23.
1
54. Thec
ons
ume
rpr
i
c
ei
nde
xi
s
a
. notve
r
yus
e
f
ulasame
as
ur
eoft
hec
os
tofl
i
vi
ng.
b.ape
r
f
e
c
tme
as
ur
eoft
hec
os
tofl
i
vi
ng.
c
. notus
e
dasame
as
ur
eoft
hec
os
tofl
i
vi
ng.
d.notape
r
f
e
c
tme
as
ur
eoft
hec
os
tofl
i
vi
ng.
ANSWER:
d.
notape
r
f
e
c
tme
as
ur
eoft
hec
os
tofl
i
vi
ng.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
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308  Chapter 11/Measuring the Cost of Living
55. Whi
c
hoft
hef
ol
l
owi
ngi
snotawi
de
l
yac
knowl
e
dge
dpr
obl
e
m wi
t
ht
heCPIasame
as
ur
eoft
hec
os
tofl
i
vi
ng?
a
.s
ubs
t
i
t
ut
i
onbi
as
b.i
nt
r
oduc
t
i
onofne
w goods
c
. unme
as
ur
e
dqual
i
t
yc
hange
d.unme
as
ur
e
dpr
i
c
ec
hange
ANSWER:
d.
unme
as
ur
e
dpr
i
c
ec
hange
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
56. Thes
ubs
t
i
t
ut
i
onbi
asi
nt
hec
ons
ume
rpr
i
c
ei
nde
xr
e
f
e
r
st
ot
he
a
.s
ubs
t
i
t
ut
i
onofne
w goodsf
orol
dgoodsi
nt
hepur
c
has
e
sofc
ons
ume
r
s
.
b.s
ubs
t
i
t
ut
i
onofqual
i
t
yf
orquant
i
t
yi
nc
ons
ume
rpur
c
has
e
sove
rt
i
me
.
c
.f
ac
tt
ha
tc
ons
ume
r
ss
ubs
t
i
t
ut
et
owar
dgoodst
ha
tha
vebe
c
omer
e
l
a
t
i
ve
l
yl
e
s
se
xpe
ns
i
ve
.
d.s
ubs
t
i
t
ut
i
onofne
w pr
i
c
e
sf
orol
dpr
i
c
e
si
nt
hebas
ke
tofgoodsf
r
om oneye
art
ot
hene
xt
.
ANSWER:
c
.
f
ac
tt
ha
tc
ons
ume
r
ss
ubs
t
i
t
ut
et
owar
dgoodst
ha
tha
vebe
c
omer
e
l
a
t
i
ve
l
yl
e
s
se
xpe
ns
i
ve
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
57. Whe
nt
her
e
l
a
t
i
vepr
i
c
eofagoodi
nc
r
e
as
e
s
,c
ons
ume
r
swi
l
lr
e
s
pondbybuyi
ng
a
. mor
eofi
tandi
t
ss
ubs
t
i
t
ut
e
s
.
b.l
e
s
sofi
tandi
t
ss
ubs
t
i
t
ut
e
s
.
c
.l
e
s
sofi
tandmor
eofi
t
ss
ubs
t
i
t
ut
e
s
.
d.mor
eofi
tandl
e
s
sofi
t
ss
ubs
t
i
t
ut
e
s
.
ANSWER:
c
.
l
e
s
sofi
tandmor
eofi
t
ss
ubs
t
i
t
ut
e
s
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
58. Suppos
et
hepr
i
c
eofaquar
tofmi
l
kr
i
s
e
sf
r
om $1t
o$1
.
25andt
hepr
i
c
eofaTs
hi
r
tr
i
s
e
sf
r
om $8t
o$10
.I
ft
heCPIr
i
s
e
sf
r
om 150t
o175
pe
opl
ewi
l
ll
i
ke
l
ybuy
a
. mor
emi
l
kandmor
eTs
hi
r
t
s
.
b.mor
emi
l
kandf
e
we
rTs
hi
r
t
s
.
c
.l
e
s
smi
l
kandmor
eTs
hi
r
t
s
.
d.l
e
s
smi
l
kandf
e
we
rTs
hi
r
t
s
.
ANSWER:
d.
l
e
s
smi
l
kandf
e
we
rTs
hi
r
t
s
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
59. Suppos
et
hepr
i
c
eofagal
l
onofi
c
ec
r
e
am r
i
s
e
sf
r
om $4t
o$5andt
hepr
i
c
eofc
offe
er
i
s
e
sf
r
om $2t
o$2
.
50.
I
ft
heCPIr
i
s
e
sf
r
om 150t
o200
pe
opl
ewi
l
ll
i
ke
l
ybuy
a
. mor
ei
c
ec
r
e
am andmor
ec
offe
e
.
b.mor
ei
c
ec
r
e
am andl
e
s
sc
offe
e
.
c
.l
e
s
si
c
ec
r
e
am andmor
ec
offe
e
.
d.l
e
s
si
c
ec
r
e
am andl
e
s
sc
offe
e
.
ANSWER:
a
.
mor
ei
c
ec
r
e
am andmor
ec
offe
e
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
60. Bynott
aki
ngi
nt
oac
c
ountt
hepos
s
i
bi
l
i
t
yofc
ons
ume
rs
ubs
t
i
t
ut
i
on,
t
heCPI
a
. unde
r
s
t
a
t
e
st
hec
os
tofl
i
vi
ng.
b.ove
r
s
t
a
t
e
st
hec
os
tofl
i
vi
ng.
c
. ma
yove
r
s
t
a
t
eorunde
r
s
t
a
t
et
hec
os
tofl
i
vi
ngde
pe
ndi
ngonhow muc
hpr
i
c
e
sr
i
s
e
.
d.doe
s
n’
tac
c
ur
a
t
e
l
yr
e
fle
c
tt
hec
os
tofl
i
vi
ng,
buti
ti
sunc
l
e
ari
fi
tove
r
s
t
a
t
e
sorunde
r
s
t
a
t
e
st
hec
os
tofl
i
vi
ng.
ANSWER:
b.
ove
r
s
t
a
t
e
st
hec
os
tofl
i
vi
ng.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
61. Be
c
aus
et
heCPIi
sbas
e
donafix
e
dbas
ke
tofgoods
,
t
hei
nt
r
oduc
t
i
onofne
w goodsands
e
r
vi
c
e
si
nt
hee
c
onomyc
aus
e
st
heCPIt
o
ove
r
e
s
t
i
ma
t
et
hec
os
tofl
i
vi
ng.
Thi
si
ss
obe
c
aus
e
a
. ne
w goodsands
e
r
vi
c
e
sar
eal
wa
ysofhi
ghe
rqual
i
t
yt
hane
xi
s
t
i
nggoodsands
e
r
vi
c
e
s
.
b.ne
w goodsands
e
r
vi
c
e
sc
os
tl
e
s
st
hane
xi
s
t
i
nggoodsands
e
r
vi
c
e
s
.
c
. ne
w goodsands
e
r
vi
c
e
sc
os
tmor
et
hane
xi
s
t
i
nggoodsands
e
r
vi
c
e
s
.
d.whe
nane
w goodi
si
nt
r
oduc
e
d,i
tgi
ve
sc
ons
ume
r
sgr
e
a
t
e
rc
hoi
c
e
,t
husr
e
duc
i
ngt
heamountt
he
ymus
ts
pe
ndt
omai
nt
ai
nt
he
i
r
s
t
andar
dofl
i
vi
ng.
ANSWER:
d.
whe
nane
w goodi
si
nt
r
oduc
e
d,i
tgi
ve
sc
ons
ume
r
sgr
e
a
t
e
rc
hoi
c
e
,t
husr
e
duc
i
ngt
heamountt
he
ymus
ts
pe
ndt
omai
nt
ai
n
t
he
i
rs
t
andar
dofl
i
vi
ng.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
62. Whe
nt
hequal
i
t
yofagoodi
mpr
ove
st
hepur
c
has
i
ngpowe
roft
hedol
l
ar
a
.i
nc
r
e
as
e
s
,s
ot
heCPIove
r
s
t
a
t
e
st
hec
ha
ngei
nt
hec
os
tofl
i
vi
ngi
ft
hequal
i
t
yc
ha
ngei
snotac
c
ount
e
df
or
.
b.i
nc
r
e
as
e
s
,s
ot
heCPIunde
r
s
t
a
t
e
st
hec
hangei
nt
hec
os
tofl
i
vi
ngi
ft
hequal
i
t
yc
hangei
snotac
c
ount
e
df
or
.
c
. de
c
r
e
as
e
s
,s
ot
heCPIove
r
s
t
a
t
e
st
hec
hangei
nt
hec
os
tofl
i
vi
ngi
ft
hequal
i
t
yc
hangei
snotac
c
ount
e
df
or
.
d.de
c
r
e
as
e
s
,s
ot
heCPIunde
r
s
t
a
t
e
st
hec
ha
ngei
nt
hec
os
tofl
i
vi
ngi
ft
hequal
i
t
yc
hangei
snotac
c
ount
e
df
or
.
ANSWER:
a
.
i
nc
r
e
as
e
s
,s
ot
heCPIove
r
s
t
a
t
e
st
hec
ha
ngei
nt
hec
os
tofl
i
vi
ngi
ft
hequal
i
t
yc
ha
ngei
snotac
c
ount
e
df
or
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
Downloaded by 12. Nguy?n Th? Trà M ([email protected])
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Chapter 11/Measuring the Cost of Living  309
63. Whe
nt
hequal
i
t
yofagoodde
t
e
r
i
or
a
t
e
st
hepur
c
has
i
ngpowe
roft
hedol
l
ar
a
.i
nc
r
e
as
e
s
,s
ot
heCPIove
r
s
t
a
t
e
st
hec
ha
ngei
nt
hec
os
tofl
i
vi
ngi
ft
hequal
i
t
yc
ha
ngei
snotac
c
ount
e
df
or
.
b.i
nc
r
e
as
e
s
,s
ot
heCPIunde
r
s
t
a
t
e
st
hec
hangei
nt
hec
os
tofl
i
vi
ngi
ft
hequal
i
t
yc
hangei
snotac
c
ount
e
df
or
.
c
. de
c
r
e
as
e
s
,s
ot
heCPIove
r
s
t
a
t
e
st
hec
hangei
nt
hec
os
tofl
i
vi
ngi
ft
hequal
i
t
yc
hangei
snotac
c
ount
e
df
or
.
d.de
c
r
e
as
e
s
,s
ot
heCPIunde
r
s
t
a
t
e
st
hec
ha
ngei
nt
hec
os
tofl
i
vi
ngi
ft
hequal
i
t
yc
hangei
snotac
c
ount
e
df
or
.
ANSWER:
d.
de
c
r
e
as
e
s
,s
ot
heCPIunde
r
s
t
a
t
e
st
hec
ha
ngei
nt
hec
os
tofl
i
vi
ngi
ft
hequal
i
t
yc
hangei
snotac
c
ount
e
df
or
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
64. Whi
c
hoft
hef
ol
l
owi
ngi
st
hemos
tac
c
ur
a
t
es
t
a
t
e
me
ntaboutt
hee
ffe
c
t
sofqual
i
t
yc
hangeont
heCPI
?
a
. Eve
nt
hought
heBLSadj
us
t
spr
i
c
e
sofpr
oduc
t
si
nt
heCPIbas
ke
twhe
nt
hequal
i
t
yoft
hepr
oduc
t
sc
hange
,c
ha
nge
si
nqual
i
t
yar
es
t
i
l
l
apr
obl
e
m,
be
c
aus
equal
i
t
yi
ss
ohar
dt
ome
as
ur
e
.
b.Be
c
aus
et
heBLSadj
us
t
spr
i
c
e
sofpr
oduc
t
si
nt
heCPIbas
ke
twhe
nt
hequal
i
t
yoft
hepr
oduc
t
sc
hange
,
c
hange
si
nqual
i
t
yar
eno
l
onge
rapr
obl
e
mf
ort
heCPI
.
c
.t
heBLSdoe
snotadj
us
tt
heCPIf
orqual
i
t
yc
hange
s
d.Mos
te
c
onomi
s
t
sbe
l
i
e
vet
ha
tc
hange
si
nt
hequal
i
t
yofgoodsi
nc
l
ude
di
nt
heCPIbas
ke
tdonotbi
ast
heCPIasame
as
ur
eoft
hec
os
t
ofl
i
vi
ng.
ANSWER:
a
.
Eve
nt
hought
heBLSadj
us
t
spr
i
c
e
sofpr
oduc
t
si
nt
heCPIbas
ke
twhe
nt
hequal
i
t
yoft
hepr
oduc
t
sc
hange
,c
ha
nge
si
n
qual
i
t
yar
es
t
i
l
lapr
obl
e
m,be
c
aus
equal
i
t
yi
ss
ohar
dt
ome
as
ur
e
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
65. Suppos
et
ha
tl
a
wnmowe
r
sar
epar
toft
hemar
ke
tbas
ke
tus
e
dt
oc
omput
et
heCPI
.The
ns
uppos
et
ha
tt
hequal
i
t
yofl
a
wnmowe
r
s
i
mpr
ove
swhi
l
et
hepr
i
c
eofl
a
wnmowe
r
ss
t
a
yst
hes
ame
.
I
ft
heBur
e
auofLaborSt
a
t
i
s
t
i
c
spr
e
c
i
s
e
l
yadj
us
t
st
heCPIf
ort
hei
mpr
ove
me
nt
i
nqual
i
t
y
,t
he
n,ot
he
rt
hi
ngse
qual
,
a
.t
heCPIwi
l
lr
i
s
e
.
b.t
heCPIwi
l
lf
al
l
.
c
.t
heCPIwi
l
ls
t
a
yt
hes
ame
.
d.l
a
wnmowe
r
swi
l
lnol
onge
rbei
nc
l
ude
di
nt
hemar
ke
tbas
ke
t
.
ANSWER:
b.
t
heCPIwi
l
lf
al
l
.
TYPE:
M DI
FFI
CULTY:
3SECTI
ON:11
.
1
66. Whi
c
hoft
hepr
obl
e
msi
nt
hec
ons
t
r
uc
t
i
onoft
heCPIi
st
hei
nve
nt
i
onofpoc
ke
t
s
i
ze
dc
omput
e
r
smos
tr
e
l
e
vantt
o?
a
.s
ubs
t
i
t
ut
i
onbi
as
b.i
nt
r
oduc
t
i
onofne
w goods
c
. unme
as
ur
e
dqual
i
t
yc
hange
d.i
nc
omebi
as
ANSWER:
b.
i
nt
r
oduc
t
i
onofne
w goods
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
67. Whi
c
hoft
hepr
obl
e
msi
nt
hec
ons
t
r
uc
t
i
onoft
heCPIi
st
hec
r
e
a
t
i
onoft
hemobi
l
ephonemos
tr
e
l
e
vantt
o?
a
.s
ubs
t
i
t
ut
i
onbi
as
b.i
nt
r
oduc
t
i
onofne
w goods
c
. unme
as
ur
e
dqual
i
t
yc
hange
d.i
nc
omebi
as
ANSWER:
b.
i
nt
r
oduc
t
i
onofne
w goods
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
68. Suppos
et
ha
tdai
r
ypr
oduc
t
sha
ver
i
s
e
ni
npr
i
c
el
e
s
st
he
npr
i
c
e
si
nge
ne
r
alove
rt
hel
as
ts
e
ve
r
alye
ar
s
,
wha
tpr
obl
e
mi
nt
hec
ons
t
r
uc
t
i
on
oft
heCPIi
st
hi
smos
tr
e
l
e
vantt
o?
a
.s
ubs
t
i
t
ut
i
onbi
as
b.i
nt
r
oduc
t
i
onofne
w goods
c
. unme
as
ur
e
dqual
i
t
yc
hange
d.i
nc
omebi
as
ANSWER:
a
.
s
ubs
t
i
t
ut
i
onbi
as
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
69. Fors
omer
ac
que
ts
por
t
st
he
r
eha
vebe
e
ni
nc
r
e
as
e
si
nt
hes
i
zeoft
her
ac
que
t
sandt
heme
t
hodsandma
t
e
r
i
al
sus
e
df
ormaki
ngt
he
m make
ha
vei
mpr
ove
d.Wha
tpr
obl
e
mi
nt
hec
ons
t
r
uc
t
i
onoft
heCPIi
st
hi
smos
tr
e
l
e
vantt
o?
a
.s
ubs
t
i
t
ut
i
onbi
as
b.i
nt
r
oduc
t
i
onofne
w goods
c
. unme
as
ur
e
dqual
i
t
yc
hange
d.i
nc
omebi
as
ANSWER:
c
.
unme
as
ur
e
dqual
i
t
yc
hange
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
Downloaded by 12. Nguy?n Th? Trà M ([email protected])
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310  Chapter 11/Measuring the Cost of Living
70. Laur
abuyswor
dpr
oc
e
s
s
i
ngs
of
t
war
ei
n2001f
or$50
.Laur
a
’
st
wi
nbr
ot
he
rLaur
e
nc
ebuysanupgr
adeoft
hes
ames
of
t
war
ei
n2002f
or
$50.
Wha
tpr
obl
e
mi
nt
hec
ons
t
r
uc
t
i
onoft
heCPIdoe
st
hi
ss
i
t
ua
t
i
onbe
s
tr
e
pr
e
s
e
nt
?
a
.s
ubs
t
i
t
ut
i
onbi
as
b.unme
as
ur
e
dqual
i
t
yc
hange
c
.i
nt
r
oduc
t
i
onofne
w goods
d.i
nc
omebi
as
ANSWER:
b.
unme
as
ur
e
dqual
i
t
yc
hange
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
71. Samant
hagoe
st
ot
hegr
oc
e
r
ys
t
or
et
omakehe
rmont
hl
ypur
c
has
eofgi
nge
ral
e
.Ass
hee
nt
e
r
st
hes
of
tdr
i
nks
e
c
t
i
on,s
henot
i
c
e
st
ha
tt
he
pr
i
c
eofgi
nge
ral
ehasbe
e
ni
nc
r
e
as
e
d15pe
r
c
e
nt
,
s
os
hede
c
i
de
st
obuys
omepe
ppe
r
mi
ntt
e
ai
ns
t
e
ad.
Whi
c
hpr
obl
e
mi
nt
hec
ons
t
r
uc
t
i
on
oft
heCPIi
st
hi
ss
i
t
ua
t
i
onmos
tr
e
l
e
vantt
o?
a
.s
ubs
t
i
t
ut
i
onbi
as
b.i
nt
r
oduc
t
i
onofne
w goods
c
. unme
as
ur
e
dqual
i
t
yc
hange
d.i
nc
omee
ffe
c
t
ANSWER:
a
.
s
ubs
t
i
t
ut
i
onbi
as
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
72. I
n2008
,OPECs
uc
c
e
e
dsi
nr
ai
s
i
ngwor
l
doi
lpr
i
c
e
sby300pe
r
c
e
nt
.Thi
spr
i
c
ei
nc
r
e
as
ec
aus
e
si
nve
nt
or
st
ol
ooka
tal
t
e
r
na
t
i
ves
our
c
e
sof
f
ue
lf
ori
nt
e
r
nal
c
ombus
t
i
one
ngi
ne
s
.Ahydr
oge
npowe
r
e
de
ngi
nei
sde
ve
l
ope
dwhi
c
hi
sc
he
ape
rt
oope
r
a
t
et
hangas
ol
i
nee
ngi
ne
s
.
Whi
c
hpr
obl
e
mi
nt
hec
ons
t
r
uc
t
i
onoft
heCPIdoe
st
hi
ss
i
t
ua
t
i
onr
e
pr
e
s
e
nt
?
a
.s
ubs
t
i
t
ut
i
onbi
asandi
nt
r
oduc
t
i
onofne
w goods
b.i
nt
r
oduc
t
i
onofne
w goodsandunme
as
ur
e
dqual
i
t
yc
hange
c
. unme
as
ur
e
dqual
i
t
yc
hangeandne
w goods
.
d.i
nc
omebi
asands
ubs
t
i
t
ut
i
onbi
as
ANSWER:
a
.
s
ubs
t
i
t
ut
i
onbi
asandi
nt
r
oduc
t
i
onofne
w goods
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
73. Cons
ume
r
sbe
gi
npur
c
has
i
nghous
e
si
nc
or
por
a
t
i
ngs
t
e
e
ls
t
udsi
ns
t
e
adofwoode
ns
t
udsaf
t
e
rt
hepr
i
c
eofl
umbe
ri
nc
r
e
as
e
s
.Thi
ss
i
t
ua
t
i
on
be
s
tr
e
pr
e
s
e
nt
swhi
c
hpr
obl
e
mi
nt
hec
ons
t
r
uc
t
i
onoft
heCPI
?
a
.s
ubs
t
i
t
ut
i
onbi
as
b.i
nt
r
oduc
t
i
onofne
w goods
c
. unme
as
ur
e
dqual
i
t
yc
hange
d.i
nc
omebi
as
ANSWER:
a
.
s
ubs
t
i
t
ut
i
onbi
as
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
74. Whi
c
hoft
hef
ol
l
owi
ngs
t
a
t
e
me
nt
sbe
s
tr
e
pr
e
s
e
nt
se
c
onomi
s
t
s
'
be
l
i
e
f
saboutt
hebi
asi
nt
heCPIasame
as
ur
eoft
hec
os
tofl
i
vi
ng?
a
. Ec
onomi
s
t
sa
gr
e
et
ha
tt
hebi
asi
nt
heCPIi
save
r
ys
e
r
i
ouspr
obl
e
m.
b.Ec
onomi
s
t
sa
gr
e
et
ha
tt
hebi
asi
nt
heCPIi
snotas
e
r
i
ouspr
obl
e
m.
c
. Ec
onomi
s
t
sa
gr
e
eont
hes
e
ve
r
i
t
yoft
heCPIbi
a
s
,
butt
he
r
ei
ss
t
i
l
lde
ba
t
eonwha
tt
odoabouti
t
.
d.The
r
ei
ss
t
i
l
lde
ba
t
eamonge
c
onomi
s
t
sont
hes
e
ve
r
i
t
yoft
heCPIbi
asandwha
tt
odoabouti
t
.
ANSWER:
d.
The
r
ei
ss
t
i
l
lde
ba
t
eamonge
c
onomi
s
t
sont
hes
e
ve
r
i
t
yoft
heCPIbi
asandwha
tt
odoabouti
t
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
75. Mos
ts
t
udi
e
si
nt
he1990sc
onc
l
ude
dt
ha
tt
hec
ons
ume
rpr
i
c
ei
nde
xove
r
s
t
a
t
e
di
nfla
t
i
onbyabout
a
. 3pe
r
c
e
nt
a
gepoi
nt
sandt
ha
tnumbe
ri
sl
i
ke
l
ys
t
i
l
lt
r
uet
oda
y
.
b.3pe
r
c
e
nt
a
gepoi
nt
s
,butt
ha
tnumbe
ri
sl
i
ke
l
yl
e
s
st
oda
y
.
c
. 1pe
r
c
e
nt
a
gepoi
nt
,andt
ha
tnumbe
ri
sl
i
ke
l
ys
t
i
l
lt
r
uet
oda
y
.
d.1pe
r
c
e
nt
a
gepoi
nt
,andt
ha
tnumbe
ri
sl
i
ke
l
yl
e
s
st
oda
y
.
ANSWER:
d.
1pe
r
c
e
nt
a
gepoi
nt
,andt
ha
tnumbe
ri
sl
i
ke
l
yl
e
s
st
oda
y
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
76. Re
c
e
ntc
hange
si
nme
t
hodsus
e
dt
oc
omput
et
heCPIha
ve
a
.i
nc
r
e
as
e
dt
heupwar
dbi
asi
nt
heCPIi
nfla
t
i
onr
a
t
e
.
b.r
e
duc
e
dt
heupwar
dbi
asi
nt
heCPIi
nfla
t
i
onr
a
t
e
.
c
.i
nc
r
e
as
e
dt
hedownwar
dbi
asi
nt
heCPIi
nfla
t
i
onr
a
t
e
.
d.r
e
duc
e
dt
hedownwar
dbi
asi
nt
heCPIi
nfla
t
i
onr
a
t
e
.
ANSWER:
b.
r
e
duc
e
dt
heupwar
dbi
asi
nt
heCPIi
nfla
t
i
onr
a
t
e
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
Downloaded by 12. Nguy?n Th? Trà M ([email protected])
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Chapter 11/Measuring the Cost of Living  311
77. Theme
as
ur
e
me
ntpr
obl
e
msi
nt
hec
ons
ume
rpr
i
c
ei
nde
xasani
ndi
c
a
t
oroft
hec
os
tofl
i
vi
ngar
ei
mpor
t
antbe
c
aus
e
a
. hi
ghr
a
t
e
sofi
nfla
t
i
onc
aus
evot
e
r
st
obe
c
omeunhappy
.
b.pol
i
t
i
c
i
ansha
vemani
pul
a
t
e
dt
heme
as
ur
e
me
ntpr
obl
e
mst
ot
he
i
radvant
a
ge
.
c
. manygove
r
nme
ntpr
ogr
amsus
et
heCPIt
oadj
us
tf
orc
ha
nge
si
nt
heove
r
al
ll
e
ve
lofpr
i
c
e
s
.
d.i
ft
hepr
i
c
el
e
ve
li
sove
r
s
t
a
t
e
dc
ons
ume
r
swi
l
lbet
ake
nadvant
a
geofbys
e
l
l
e
r
sofc
ons
ume
rgoods
.
ANSWER:
c
. manygove
r
nme
ntpr
ogr
amsus
et
heCPIt
oadj
us
tf
orc
ha
nge
si
nt
heove
r
al
ll
e
ve
lofpr
i
c
e
s
.
TYPE:
M DI
FFI
CULTYSECTI
ON 24.
1
78. TheGDPde
fla
t
orr
e
fle
c
t
st
he
a
.l
e
ve
lofpr
i
c
e
si
nt
hebas
eye
arr
e
l
a
t
i
vet
ot
hec
ur
r
e
ntl
e
ve
lofpr
i
c
e
s
.
b.c
ur
r
e
ntl
e
ve
lofpr
i
c
e
sr
e
l
a
t
i
vet
ot
hel
e
ve
lofpr
i
c
e
si
nt
hebas
eye
ar
.
c
.l
e
ve
lofr
e
alout
puti
nt
hebas
eye
arr
e
l
a
t
i
vet
ot
hec
ur
r
e
ntl
e
ve
lofr
e
alout
put
.
d.c
ur
r
e
ntl
e
ve
lofr
e
alout
putr
e
l
a
t
i
vet
ot
hel
e
ve
lofr
e
alout
puti
nt
hebas
eye
ar
.
ANSWER:
b.
c
ur
r
e
ntl
e
ve
lofpr
i
c
e
sr
e
l
a
t
i
vet
ot
hel
e
ve
lofpr
i
c
e
si
nt
hebas
eye
ar
.
TYPE:
M DI
FFI
CULTY:SECTI
ON:11
.
1
79. Ani
mpor
t
antdi
ffe
r
e
nc
ebe
t
we
e
nt
heGDPde
fla
t
ora
ndt
hec
ons
ume
rpr
i
c
ei
nde
xi
st
ha
t
a
.t
heGDPde
fla
t
orr
e
fle
c
t
st
hepr
i
c
e
sofgoodsands
e
r
vi
c
e
sboughtbypr
oduc
e
r
s
,
whe
r
e
ast
hec
ons
ume
rpr
i
c
ei
nde
xr
e
fle
c
t
st
hepr
i
c
e
s
ofgoodsands
e
r
vi
c
e
sboughtbyc
ons
ume
r
s
.
b.t
heGDPde
fla
t
orr
e
fle
c
t
st
hepr
i
c
e
sofal
lfinalgoodsands
e
r
vi
c
e
spr
oduc
e
ddome
s
t
i
c
al
l
y
,whe
r
e
ast
hec
ons
ume
rpr
i
c
ei
nde
xr
e
fle
c
t
s
t
hepr
i
c
e
sofs
omegoodsands
e
r
vi
c
e
sboughtbyc
ons
ume
r
s
.
c
.t
heGDPde
fla
t
orr
e
fle
c
t
st
hepr
i
c
e
sofal
lfinalgoodsands
e
r
vi
c
e
spr
oduc
e
dbyana
t
i
on'
sc
i
t
i
ze
ns
,
whe
r
e
ast
hec
ons
ume
rpr
i
c
ei
nde
x
r
e
fle
c
t
st
hepr
i
c
e
soffinalgoodsands
e
r
vi
c
e
sboughtbyc
ons
ume
r
s
.
d.t
heGDPde
fla
t
orr
e
fle
c
t
st
hepr
i
c
e
sofal
lgoodsa
nds
e
r
vi
c
e
sboughtbypr
oduc
e
r
sandc
ons
ume
r
s
,whe
r
e
ast
hec
ons
ume
rpr
i
c
ei
nde
x
r
e
fle
c
t
st
hepr
i
c
e
soffinalgoodsands
e
r
vi
c
e
sboughtbyc
ons
ume
r
s
.
ANSWER:
b.
t
heGDPde
fla
t
orr
e
fle
c
t
st
hepr
i
c
e
sofal
lfinalgoodsands
e
r
vi
c
e
spr
oduc
e
ddome
s
t
i
c
al
l
y
,whe
r
e
ast
hec
ons
ume
rpr
i
c
ei
nde
x
r
e
fle
c
t
st
hepr
i
c
e
sofs
omegoodsands
e
r
vi
c
e
sboughtbyc
ons
ume
r
s
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
80. I
ft
hepr
i
c
e
sofAus
t
r
al
i
anmades
hoe
si
mpor
t
e
di
nt
ot
heUni
t
e
dSt
a
t
e
si
nc
r
e
as
e
,
a
. bot
ht
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
xwi
l
li
nc
r
e
as
e
.
b.ne
i
t
he
rt
heGDPde
fla
t
ornort
hec
ons
ume
rpr
i
c
ei
nde
xwi
l
li
nc
r
e
as
e
.
c
.t
heGDPde
fla
t
orwi
l
li
nc
r
e
as
ebutt
hec
ons
ume
rpr
i
c
ei
nde
xwi
l
lnoti
nc
r
e
as
e
.
d.t
hec
ons
ume
rpr
i
c
ei
nde
xwi
l
li
nc
r
e
as
e
,butt
heGDPde
fla
t
orwi
l
lnoti
nc
r
e
as
e
.
ANSWER:
d.
t
hec
ons
ume
rpr
i
c
ei
nde
xwi
l
li
nc
r
e
as
e
,butt
heGDPde
fla
t
orwi
l
lnoti
nc
r
e
as
e
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
81. Ani
nc
r
e
as
ei
nt
hepr
i
c
eofdome
s
t
i
c
al
l
ypr
oduc
e
di
ndus
t
r
i
alr
obot
swi
l
lber
e
fle
c
t
e
di
n
a
. bot
ht
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
x
.
b.ne
i
t
he
rt
heGDPde
fla
t
ornort
hec
ons
ume
rpr
i
c
ei
nde
x
.
c
.t
heGDPde
fla
t
orbutnoti
nt
hec
ons
ume
rpr
i
c
ei
nde
x
.
d.t
hec
ons
ume
rpr
i
c
ei
nde
xbutnoti
nt
heGDPde
fla
t
or
.
ANSWER:
c
.
t
heGDPde
fla
t
orbutnoti
nt
hec
ons
ume
rpr
i
c
ei
nde
x
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
82. Byi
t
s
e
l
far
e
duc
t
i
oni
nt
hepr
i
c
eofl
ar
get
r
ac
t
or
si
mpor
t
e
di
nt
ot
heUni
t
e
dSt
a
t
e
sf
r
om Rus
s
i
awi
l
l
a
. maket
heGDPde
fla
t
orde
c
r
e
as
eandt
hec
ons
ume
rpr
i
c
ei
nde
xt
oi
nc
r
e
as
e
.
b.maket
heGDPde
fla
t
ori
nc
r
e
as
e
,butt
hec
ons
ume
rpr
i
c
ei
nde
xi
sunc
hange
d.
c
. wi
l
li
nc
r
e
as
ebot
ht
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
x
.
d.wi
l
lnotc
hangee
i
t
he
rt
heGDPde
fla
t
orort
hec
ons
ume
rpr
i
c
ei
nde
x
.
ANSWER:
d.
wi
l
lnotc
hangee
i
t
he
rt
heGDPde
fla
t
orort
hec
ons
ume
rpr
i
c
ei
nde
x
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
83. Ani
nc
r
e
as
ei
nt
hepr
i
c
eofdai
r
ypr
oduc
t
spr
oduc
e
ddome
s
t
i
c
al
l
ywi
l
lber
e
fle
c
t
e
di
n
a
. bot
ht
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
x
.
b.ne
i
t
he
rt
heGDPde
fla
t
ornort
hec
ons
ume
rpr
i
c
ei
nde
x
.
c
.t
heGDPde
fla
t
orbutnoti
nt
hec
ons
ume
rpr
i
c
ei
nde
x
.
d.t
hec
ons
ume
rpr
i
c
ei
nde
xbutnoti
nt
heGDPde
fla
t
or
.
ANSWER:
a
.
bot
ht
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
x.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
84. I
nt
heUni
t
e
dSt
a
t
e
s
,
i
ft
hepr
i
c
eofi
mpor
t
e
doi
lr
i
s
e
ss
ot
ha
tt
hepr
i
c
eofgas
ol
i
neandhe
a
t
i
ngoi
lr
i
s
et
he
a
. GDPde
fla
t
orr
i
s
e
smuc
hmor
et
handoe
st
hec
ons
ume
rpr
i
c
ei
nde
x.
b.c
ons
ume
rpr
i
c
ei
nde
xr
i
s
e
smuc
hmor
et
handoe
st
heGDPde
fla
t
or
.
c
. GDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
xr
i
s
ebyaboutt
hes
ameamount
.
d.c
ons
ume
rpr
i
c
ei
nde
xr
i
s
e
ss
l
i
ght
l
ymor
et
handoe
st
heGDPde
fla
t
or
.
ANSWER:
b.
c
ons
ume
rpr
i
c
ei
nde
xr
i
s
e
smuc
hmor
et
handoe
st
heGDPde
fla
t
or
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
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312  Chapter 11/Measuring the Cost of Living
85. Mos
t
,
butnotal
l
,
a
t
hl
e
t
i
cappar
e
ls
ol
di
nt
heUni
t
e
dSt
a
t
e
si
si
mpor
t
e
df
r
om ot
he
rna
t
i
ons
.I
ft
hepr
i
c
eofa
t
hl
e
t
i
cappar
e
li
nc
r
e
as
e
s
,t
he
GDPde
fla
t
orwi
l
l
a
.i
nc
r
e
as
el
e
s
st
hanwi
l
lt
hec
ons
ume
rpr
i
c
ei
nde
x.
b.i
nc
r
e
as
emor
et
hanwi
l
lt
hec
ons
ume
rpr
i
c
ei
nde
x.
c
. noti
nc
r
e
as
e
,butt
hec
ons
ume
rpr
i
c
ei
nde
xwi
l
li
nc
r
e
as
e
.
d.i
nc
r
e
as
e
,butt
hec
ons
ume
rpr
i
c
ei
nde
xwi
l
lnoti
nc
r
e
as
e
.
ANSWER:
a
.
i
nc
r
e
as
el
e
s
st
hanwi
l
lt
hec
ons
ume
rpr
i
c
ei
nde
x.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
86. Suppos
et
ha
tU.
S.
mi
ni
ngc
ompani
e
spur
c
has
eGe
r
manmadeor
et
r
uc
ksa
tar
e
duc
e
dpr
i
c
e
.
Byi
t
s
e
l
fwha
twi
l
lt
hi
sdot
ot
heGDP
de
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
x
?
a
. Thec
ons
ume
rpr
i
c
ei
nde
xwi
l
lf
al
l
,andt
heGDPde
fla
t
orwi
l
lf
al
l
.
b.Thec
ons
ume
rpr
i
c
ei
nde
xandt
heGDPde
fla
t
orwi
l
lbeunaffe
c
t
e
d.
c
. Thec
ons
ume
rpr
i
c
ei
nde
xwi
l
lf
al
l
,andt
heGDPde
fla
t
orwi
l
lbeunaffe
c
t
e
d.
d.Thec
ons
ume
rpr
i
c
ei
nde
xwi
l
lbeunaffe
c
t
e
d,andt
heGDPde
fla
t
orwi
l
lf
al
l
.
ANSWER:
b.
Thec
ons
ume
rpr
i
c
ei
nde
xandt
heGDPde
fla
t
orwi
l
lbeunaffe
c
t
e
d.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
87. I
ft
hepr
i
c
eofU.
S.
madepowe
rt
ool
si
nc
r
e
as
e
s
,t
hec
ons
ume
rpr
i
c
ei
nde
x
a
. andt
heGDPde
fla
t
orwi
l
lbot
hi
nc
r
e
as
e
.
b.wi
l
li
nc
r
e
as
e
,andt
heGDPde
fla
t
orwi
l
lbeunaffe
c
t
e
d.
c
. wi
l
lbeunaffe
c
t
e
d,andt
heGDPde
fla
t
orwi
l
li
nc
r
e
as
e
.
d.andt
heGDPde
fla
t
orwi
l
lbot
hbeunaffe
c
t
e
d.
ANSWER:
a
.
andt
heGDPde
fla
t
orwi
l
lbot
hi
nc
r
e
as
e
.
TYPE:
M DI
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ON:11.
1
88. Thepr
i
c
eofi
mpor
t
e
da
t
hl
e
t
i
cs
hoe
spr
oduc
e
dbyaU.
S.c
ompanyope
r
a
t
i
ngi
nThai
l
andi
nc
r
e
as
e
s
.Byi
t
s
e
l
fwha
te
ffe
c
twi
l
lt
hi
sc
hange
ha
veont
heGDPde
fla
t
orandont
heCPI
?
a
. TheGDPde
fla
t
orandt
heCPIwi
l
lbot
hi
nc
r
e
as
e
.
b.TheGDPde
fla
t
orwi
l
li
nc
r
e
as
eandt
heCPIwi
l
lbeunaffe
c
t
e
d.
c
. TheGDPde
fla
t
orandt
heCPIwi
l
lbot
hbeunaffe
c
t
e
d.
d.TheGDPde
fla
t
orwi
l
lbeunaffe
c
t
e
dandt
heCPIwi
l
li
nc
r
e
as
e
.
ANSWER:
d.
TheGDPde
fla
t
orwi
l
lbeunaffe
c
t
e
dandt
heCPIwi
l
li
nc
r
e
as
e
.
89. A Br
azi
l
i
anc
ompanypr
oduc
e
ss
oc
c
e
rbal
l
si
nt
heUni
t
e
dSt
a
t
e
sande
xpor
t
sal
loft
he
m.I
ft
hepr
i
c
eoft
hes
oc
c
e
rbal
l
si
nc
r
e
as
e
s
,t
heGDP
de
fla
t
or
a
. andt
heCPIbot
hi
nc
r
e
as
e
.
b.i
sunc
hange
dandt
heCPIi
nc
r
e
as
e
s
.
c
.i
nc
r
e
as
e
sandt
heCPIi
sunc
hange
d.
d.andt
heCPIar
eunc
hange
d.
ANSWER:
c
.
i
nc
r
e
as
e
sandt
heCPIi
sunc
hange
d.
TYPE:
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1
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Chapter 11/Measuring the Cost of Living  313
90. A Ge
r
manaut
omobi
l
ec
ompa
nypr
oduc
e
sc
ar
si
nt
heUni
t
e
dSt
a
t
e
s
,s
omeofwhi
c
har
ee
xpor
t
e
dt
oot
he
rna
t
i
ons
.I
ft
hepr
i
c
eoft
he
s
e
c
ar
si
nc
r
e
as
e
s
,t
heGDPde
fla
t
or
a
. andt
heCPIwi
l
lbot
hi
nc
r
e
as
e
.
b.wi
l
li
nc
r
e
as
eandt
heCPIwi
l
lbeunc
hange
d.
c
. wi
l
lbeunc
hange
dandt
heCPIwi
l
li
nc
r
e
as
e
.
d.andt
heCPIwi
l
lbot
hbeunc
hange
d.
ANSWER:
a
.
andt
heCPIwi
l
lbot
hi
nc
r
e
as
e
.
91. Thepr
i
c
eofCD pl
a
ye
r
si
nc
r
e
as
e
sdr
ama
t
i
c
al
l
y
,
c
aus
i
nga1pe
r
c
e
nti
nc
r
e
as
ei
nt
heCPI
.Thepr
i
c
ei
nc
r
e
as
ewi
l
lmos
tl
i
ke
l
yc
aus
et
heGDP
de
fla
t
ort
oi
nc
r
e
as
eby
a
. mor
et
han1pe
r
c
e
nt
.
b.l
e
s
st
han1pe
r
c
e
nt
.
c
. 1pe
r
c
e
nt
.
d.I
ti
si
mpos
s
i
bl
et
omakeani
nf
or
me
dgue
s
swi
t
houtmor
ei
nf
or
ma
t
i
on.
ANSWER:
b.
l
e
s
st
han1pe
r
c
e
nt
.
92. I
nge
ne
r
al
,
i
fac
ons
ume
rgoodi
spr
oduc
e
ddome
s
t
i
c
al
l
yandc
ons
ume
ddome
s
t
i
c
al
l
y
,ar
e
duc
t
i
oni
ni
t
spr
i
c
ewi
l
lha
vewhi
c
hoft
he
f
ol
l
owi
nge
ffe
c
t
s
?
a
. Thec
ons
ume
rpr
i
c
ei
nde
xwi
l
lde
c
r
e
as
er
e
l
a
t
i
ve
l
ymor
et
hant
heGDPde
fla
t
orwi
l
l
.
b.Thec
ons
ume
rpr
i
c
ei
nde
xandt
heGDPde
fla
t
orwi
l
lde
c
r
e
as
ebyt
hes
ameamount
.
c
. Thec
ons
ume
rpr
i
c
ei
nde
xwi
l
lde
c
r
e
as
er
e
l
a
t
i
ve
l
yl
e
s
st
hant
heGDPde
fla
t
orwi
l
l
.
d.Onec
annotge
ne
r
al
i
zeaboutt
her
e
l
a
t
i
vede
c
r
e
as
ei
nt
het
wopr
i
c
ei
ndi
c
e
s
.
ANSWER:
a
.
Thec
ons
ume
rpr
i
c
ei
nde
xwi
l
lde
c
r
e
as
er
e
l
a
t
i
ve
l
ymor
et
hant
heGDPde
fla
t
orwi
l
l
.
93. I
fi
nc
r
e
as
e
si
nt
hepr
i
c
e
sofU.
S.
me
di
c
alc
ar
ec
aus
et
heCPIt
oi
nc
r
e
as
eby2pe
r
c
e
nt
,
t
heGDPde
fla
t
orwi
l
ll
i
ke
l
yi
nc
r
e
as
eby
a
. mor
et
han2pe
r
c
e
nt
.
b.2pe
r
c
e
nt
.
c
.l
e
s
st
han2pe
r
c
e
nt
.
d.Al
loft
heabovear
ec
or
r
e
c
t
.
ANSWER:
c
.
l
e
s
st
han2pe
r
c
e
nt
.
94. Whi
c
hi
st
hemos
tac
c
ur
a
t
es
t
a
t
e
me
ntaboutt
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
x
?
a
. TheGDPde
fla
t
orc
ompar
e
st
hepr
i
c
eofafix
e
dbas
ke
tofgoodsands
e
r
vi
c
e
st
ot
hepr
i
c
eoft
hebas
ke
ti
nt
hebas
eye
ar
,butt
he
c
ons
ume
rpr
i
c
ei
nde
xc
ompar
e
st
hepr
i
c
eofc
ur
r
e
nt
l
ypr
oduc
e
dgoodsands
e
r
vi
c
e
st
ot
hepr
i
c
eoft
hes
amegoodsands
e
r
vi
c
e
si
nt
he
bas
eye
ar
.
b.Thec
ons
ume
rpr
i
c
ei
nde
xc
ompar
e
st
hepr
i
c
eofafix
e
dbas
ke
tofgoodsands
e
r
vi
c
e
st
ot
hepr
i
c
eoft
hebas
ke
ti
nt
hebas
eye
ar
,but
t
heGDPde
fla
t
orc
ompar
e
st
hepr
i
c
eofc
ur
r
e
nt
l
ypr
oduc
e
dgoodsands
e
r
vi
c
e
st
ot
hepr
i
c
eoft
hes
amegoodsands
e
r
vi
c
e
si
nt
he
bas
eye
ar
.
c
. Bot
ht
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
xc
ompar
et
hepr
i
c
eofafix
e
dbas
ke
tofgoodsands
e
r
vi
c
e
st
ot
hepr
i
c
eoft
he
bas
ke
ti
nt
hebas
eye
ar
.
d.Bot
ht
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
xc
ompar
et
hepr
i
c
eofc
ur
r
e
nt
l
ypr
oduc
e
dgoodsands
e
r
vi
c
e
st
ot
hepr
i
c
eoft
he
s
amegoodsands
e
r
vi
c
e
si
nt
hebas
eye
ar
.
ANSWER:
b.
Thec
ons
ume
rpr
i
c
ei
nde
xc
ompar
e
st
hepr
i
c
eofafix
e
dbas
ke
tofgoodsands
e
r
vi
c
e
st
ot
hepr
i
c
eoft
hebas
ke
ti
nt
hebas
e
ye
ar
,butt
heGDPde
fla
t
orc
ompar
e
st
hepr
i
c
eofc
ur
r
e
nt
l
ypr
oduc
e
dgoodsands
e
r
vi
c
e
st
ot
hepr
i
c
eoft
hes
amegoodsand
s
e
r
vi
c
e
si
nt
hebas
eye
ar
.
95. Thebas
ke
tofgoodsi
nt
hec
ons
ume
rpr
i
c
ei
nde
xc
hange
s
a
. oc
c
as
i
onal
l
y
,asdoe
st
hebas
ke
tofgoodsus
e
dt
oc
omput
et
heGDPde
fla
t
or
.
b.ye
ar
l
y
,
asdoe
st
hebas
ke
tofgoodsus
e
dt
oc
omput
et
heGDPde
fla
t
or
.
c
. oc
c
as
i
onal
l
ywhi
l
et
hebas
ke
tofgoodsus
e
dt
oc
omput
et
heGDPde
fla
t
orc
ha
nge
sye
ar
l
y
.
d.ye
ar
l
ywhi
l
et
hebas
ke
tofgoodsus
e
dt
oc
omput
et
heGDPde
fla
t
orc
hange
soc
c
as
i
onal
l
y
.
ANSWER:
c
.
oc
c
as
i
onal
l
ywhi
l
et
hebas
ke
tofgoodsus
e
dt
oc
omput
et
heGDPde
fla
t
orc
ha
nge
sye
ar
l
y
.
96. Whi
c
hoft
hef
ol
l
owi
ngi
st
hemos
tac
c
ur
a
t
es
t
a
t
e
me
nt
?
a
.I
nt
hel
a
t
e1970s
,t
hel
a
t
e1980sande
ar
l
y1990s
,t
heGDPde
fla
t
ors
howe
dhi
ghr
a
t
e
sofi
nfla
t
i
on,butt
hec
ons
ume
rpr
i
c
ei
nde
x
s
howe
dl
ow r
a
t
e
sofi
nfla
t
i
on.
b.I
nt
hel
a
t
e1970s
,bot
ht
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
xs
howe
dhi
ghr
a
t
e
sofi
nfla
t
i
on,andi
nt
hel
a
t
e1980sande
ar
l
y
1990s
,bot
hme
as
ur
e
ss
howe
dl
ow i
nfla
t
i
on.
c
.I
nt
hel
a
t
e1970s
,bot
ht
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
xs
howe
dl
ow r
a
t
e
sofi
nfla
t
i
on,a
ndi
nt
hel
a
t
e1980sande
ar
l
y
1990s
,bot
hme
as
ur
e
ss
howe
dhi
ghr
a
t
e
sofi
nfla
t
i
on.
d.I
nt
hel
a
t
e1970s
,t
hel
a
t
e1980sande
ar
l
y1990s
,bot
ht
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
xs
howe
dhi
ghr
a
t
e
sofi
nfla
t
i
on.
ANSWER:
b.
I
nt
hel
a
t
e1970s
,bot
ht
heGDPde
fla
t
orandt
hec
ons
ume
rpr
i
c
ei
nde
xs
howe
dhi
ghr
a
t
e
sofi
nfla
t
i
on,andi
nt
hel
a
t
e1980s
ande
ar
l
y1990
s
,
bot
hme
as
ur
e
ss
howe
dl
ow i
nfla
t
i
on.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
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314  Chapter 11/Measuring the Cost of Living
97. TheCPIandt
heGDPde
fla
t
or
a
. ge
ne
r
al
l
ymovet
oge
t
he
r
.
b.ge
ne
r
al
l
ys
how di
ffe
r
e
ntpa
t
t
e
r
nsofmove
me
nt
.
c
. al
wa
yss
how i
de
nt
i
c
alc
ha
nge
s
.
d.al
wa
yss
how di
ffe
r
e
ntpa
t
t
e
r
nsofmove
me
nt
.
ANSWER:
a
.
ge
ne
r
al
l
ymovet
oge
t
he
r
.
98. Wha
ti
st
hepur
pos
eofme
as
ur
i
ngt
heove
r
al
ll
e
ve
lofpr
i
c
e
si
nt
hee
c
onomy?
a
.t
oal
l
ow t
heme
as
ur
e
me
ntofGDP
b.t
oal
l
ow c
ons
ume
r
st
oknow wha
tki
ndsofpr
i
c
e
st
oe
xpe
c
ti
nt
hef
ut
ur
e
c
.t
oal
l
ow c
ompar
i
s
onbe
t
we
e
ndol
l
arfigur
e
sf
r
om di
ffe
r
e
ntpoi
nt
si
nt
i
me
d.t
oal
l
ow gove
r
nme
ntoffic
i
al
st
ode
t
e
r
mi
newhe
t
he
rt
heval
ueoft
hedol
l
arhasi
nc
r
e
as
e
dorde
c
r
e
as
e
d
ANSWER:
c
.
t
oal
l
ow c
ompar
i
s
onbe
t
we
e
ndol
l
arfigur
e
sf
r
om di
ffe
r
e
ntpoi
nt
si
nt
i
me
99. BabeRut
h'
s1931s
al
ar
ywas$80,
000
.Thepr
i
c
ei
nde
xf
or1931i
s15
.
2andt
hepr
i
c
ei
nde
xf
or2001i
s177
.Rut
h'
s1931s
al
ar
ywas
e
qui
val
e
ntt
oa2001s
al
ar
yofabout
a
. $93
,
000.
b. $930
,
000.
c
. $1
,
930,
000
.
d. $9
,
300,
000
.
ANSWER:
b.
$930,
000
.
100. I
n1931
,Pr
e
s
i
de
ntHe
r
be
r
tHoove
rwaspai
das
a
l
ar
yof$75
,
000.
Thepr
i
c
ei
nde
xf
or1931i
s15.
2
,andt
hepr
i
c
ei
nde
xf
or2001i
s177
.The
Pr
e
s
i
de
nt
’
ss
al
ar
yt
oda
yi
s$400,
000
a
. Pr
e
s
i
de
ntHoove
r
'
ss
al
ar
ye
qui
val
e
nti
n2001dol
l
ar
si
smuc
hs
mal
l
e
rt
hant
ha
toft
hec
ur
r
e
ntU.
S.
pr
e
s
i
de
nt
.
b.Pr
e
s
i
de
ntHoove
r
'
ss
al
ar
ye
qui
val
e
nti
n2001dol
l
ar
si
sa
boutt
hes
ameast
ha
toft
hec
ur
r
e
ntU.
S.pr
e
s
i
de
nt
.
c
. Pr
e
s
i
de
ntHoove
r
'
ss
al
ar
ye
qui
val
e
nti
n2001dol
l
ar
si
smuc
hl
ar
ge
rt
hant
ha
toft
hec
ur
r
e
ntU.
S.
pr
e
s
i
de
nt
.
d.Onec
annotmakeame
ani
ngf
ulc
ompar
i
s
onof2001s
al
ar
i
e
sand1931s
al
ar
i
e
s
.
ANSWER:
c
.
Pr
e
s
i
de
ntHoove
r
'
ss
al
ar
ye
qui
val
e
nti
n20
01dol
l
ar
si
smuc
hl
ar
ge
rt
hant
ha
toft
hec
ur
r
e
ntU.
S.
pr
e
s
i
de
nt
.
101. Suppos
et
ha
tt
heCPIi
sc
ur
r
e
nt
l
y400andwas100i
n1969
.The
nac
c
or
di
ngt
ot
heCPI
,
$100t
oda
ypur
c
has
e
st
hes
ameamountofgoods
ands
e
r
vi
c
e
sas
a
. $25i
n1969
.
b.$40i
n1969
.
c
. $60i
n1969
.
d.Noneoft
heabovear
ec
or
r
e
c
t
.
ANSWER:
a
.
$25i
n1969
.
102. Suppos
et
ha
tt
heCPIi
sc
ur
r
e
nt
l
y200andwas40i
n1950
.The
nac
c
or
di
ngt
ot
heCPI
,
$1i
n1950pur
c
has
e
dt
hes
amenumbe
rofgoods
ands
e
r
vi
c
e
sas
a
. $5t
oda
y
.
b.$4t
oda
y
.
c
. $3t
oda
y
.
d.Noneoft
heabovei
sc
or
r
e
c
t
.
ANSWER:
a
.
$5t
oda
y
.
103. Youknow t
ha
tac
andybarc
os
tfivec
e
nt
si
n196
2.
Youal
s
oknow t
heCPIf
or1962andt
heCPIf
ort
oda
y
.
Whi
c
hoft
hef
ol
l
owi
ngwoul
d
youus
et
oc
omput
et
hepr
i
c
eoft
hec
andybari
nt
oda
y’
spr
i
c
e
s
?
a
. fivec
e
nt
s (
1962CPI
/t
oda
y’
sCPI
)
b.fivec
e
nt
s (
1962CPI
/(
t
oda
y’
sCPI–1962CPI
)
)
c
. fivec
e
nt
s (
t
oda
y’
sCPI
/1962CPI
)
d.fivec
e
nt
s t
oda
y’
sCPI–fivec
e
nt
sx1962CPI
.
ANSWER:
c
.
fivec
e
nt
s (
t
oda
y’
sCPI
/1962CPI
)
104. Youknow t
ha
tac
andybarc
os
ts
i
xt
yc
e
nt
st
oda
y
.
Youal
s
oknow t
heCPIf
or1962andt
heCPIf
ort
oda
y
.
Whi
c
hoft
hef
ol
l
owi
ngwoul
d
youus
et
oc
omput
et
hepr
i
c
eoft
hec
andybari
n1962pr
i
c
e
s
?
a
.s
i
xt
yc
e
nt
s (
t
oda
ysCPI–1962CPI
)
b.s
i
xt
yc
e
nt
s (
1962CPI–t
oda
y’
sCPI
)
c
.s
i
xt
yc
e
nt
s (
t
oda
ysCPI
/1962CPI
)
d.s
i
xt
yc
e
nt
s (
1962CPI
/t
oda
ysCPI
)
ANSWER:
d.
s
i
xt
yc
e
nt
s (
1962CPI
/t
oda
ysCPI
)
105. The2002CPIwas177andt
he1982CPIwas96
.
5.
I
fyourpar
e
nt
sputas
i
de$1
,
000f
oryoui
n1982,
how muc
hwoul
dyouha
vene
e
de
di
n
2002i
nor
de
rt
obuywha
tyouc
oul
dha
vewi
t
ht
he$
1
,
000i
n1982?
a
. $1,
834
.
20
b.
$1
,
777.
77
c
.
$1
,
714.
81
d.
Noneoft
heabovear
ec
or
r
e
c
t
.
ANSWER:
a
.
$1,
834
.
20
Thene
xtt
hr
e
eque
s
t
i
onsar
ebas
e
dont
hef
ol
l
owi
ngi
nf
or
ma
t
i
on:
Gr
antSmi
t
hwasadoc
t
ori
n1944andmadeabout$12
,
000aye
ar
.Hi
sdaught
erLi
s
aSmi
t
hal
s
oi
sadoc
t
orandl
as
tye
ars
he
madeabout$175,
000i
n2001.Thepr
i
c
ei
ndexi
n195
0was17.
6andt
hepr
i
c
ei
ndexwas177i
n2001.
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Chapter 11/Measuring the Cost of Living  315
106. Wha
ti
sGr
ant
’
si
nc
omei
n2001dol
l
ar
s
?
a
. $19,
128
b.$21,
240
c
. $120,
682
d.$173,
600
ANSWER:
c
.
$120,
682
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
107. Wha
ti
sLi
s
a
’
si
nc
omei
n1945dol
l
ar
s
?
a
. $15,
667
b.$17,
401
c
. $19,
322
d.Noneoft
heabovear
ec
or
r
e
c
t
.
ANSWER:
b.
$17,
401
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
108. Wha
twast
her
a
t
i
oofGr
ant
’
sr
e
ali
nc
omet
oLi
s
a
’
sr
e
ali
nc
ome
?
a
. 2:
15
b.3:
5
c
. 7:
10
d.1:
1
ANSWER:
c
.
7:
10
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
109. I
ngr
i
dt
ake
sauni
ve
r
s
i
t
yt
e
ac
hi
ngj
obasanas
s
i
s
t
antpr
of
e
s
s
ori
n1974a
tas
al
ar
yof$10,
000
.By2003
,s
hehasbe
e
npr
omot
e
dt
of
ul
l
pr
of
e
s
s
or
,wi
t
has
al
ar
yof$50,
000
.I
ft
hepr
i
c
ei
nde
xi
n1974i
s50
,andt
hepr
i
c
ei
nde
xi
n2003i
s180,
wha
ti
sI
ngr
i
d’
s2003s
al
ar
yi
n1974
dol
l
ar
s
?
a
. $13,
889
b.$18,
000
c
. $26,
000
d.$36,
000
ANSWER:
a
.
$13,
889
TYPE:
TFDI
FFI
CULTY:2SECTI
ON:11.
1
110. I
n1970Pr
of
e
s
s
orFe
l
l
s
woopmade$12,
000
,i
n1980hee
ar
ne
d$24,
000
,andi
n1990hee
ar
ne
d$36
,
000
.
I
ft
heCPIwas40i
n1970,
60i
n
1980,
and100i
n1990
,t
he
ni
nt
e
r
msoft
oda
y’
sdol
l
ar
s
,Pr
of
e
s
s
orFe
l
l
s
woop’
ss
al
ar
ywashi
ghe
s
ti
n
a
. 1970,
andl
owe
s
ti
n1980.
b.1990,
andl
owe
s
ti
n1980.
c
. 1980,
andl
owe
s
ti
n1970.
d.1990,
andl
owe
s
ti
n1970.
ANSWER:
c
.
1980,
andl
owe
s
ti
n1970.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
1
111. I
n1969DonboughtaDodgeDar
tf
or$2
,
500.
Hedr
ovet
hi
sc
a
runt
i
l2003whe
nheboughtaHondaCi
vi
cf
or$18,
000
.I
ft
hepr
i
c
ei
nde
xi
n
1969was36
.
7andt
hepr
i
c
ei
nde
xi
n2003i
s180,
wha
t
’
st
hepr
i
c
eoft
heDodgeDar
ti
n2003pr
i
c
e
s
?
a
. $3,
583
b.$4,
500
c
. $9,
762
d.$12,
262
ANSWER:
d.
$12,
262
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
112. Et
he
lpur
c
has
e
daba
gofgr
oc
e
r
i
e
si
n1970f
or$8
.Shepur
c
has
e
dt
hes
ameba
gofgr
oc
e
r
i
e
si
n2003f
or$25
.I
ft
hepr
i
c
ei
nde
xwas38
.
8and
i
s180i
n2003
,wha
t
’
st
hepr
i
c
eofa1970ba
gofgr
oc
e
r
i
e
si
n2003pr
i
c
e
s
?
a
. $25.
00
b.$29.
11
c
. $37.
11
d.Noneoft
heabovear
ec
or
r
e
c
t
?
ANSWER:
c
.
$37.
11
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
1
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lOMoARcPSD|16208371
316  Chapter 11/Measuring the Cost of Living
113. I
n1964i
nRi
ve
r
s
i
de
,Cal
i
f
or
ni
aonec
oul
dbuyac
hi
l
i
dogandar
ootbe
e
rf
or$1.
25
,t
oda
yt
hes
amec
hi
l
idogandr
ootbe
e
rc
os
t$2
.
95.
Whi
c
hs
e
tofCPI
’
swoul
dme
ant
ha
tt
hec
os
ti
nt
oda
y’
sdol
l
ar
swast
hes
ameasi
n1964?
a
. 60i
n1964and141.
6t
oda
y
b.75i
n1964and126.
4t
oda
y
c
. 80i
n1964and112t
oda
y
d.Noneoft
heabovear
ec
or
r
e
c
t
.
ANSWER:
a
.
60i
n1964and141.
6t
oda
y
114. I
n1972i
nRi
ve
r
s
i
de
,I
owaonec
oul
dbuyaba
gofc
hi
ps
,apoundofhambur
ge
r
,apac
ka
geofbuns
,andas
mal
lba
gofc
har
c
oalf
orabout
$2.
50
.I
ft
hes
amegoodst
oda
yc
os
tabout$6.
00
,whi
c
hs
e
tofCPI
’
swoul
dmaket
hec
os
ti
nt
oda
y’
sdol
l
ar
st
hes
amef
orbot
hye
ar
s
?
a
. 60i
n1972and150t
oda
y
b.65i
n1972and156t
oda
y
c
. 90i
n1972and145.
8t
oda
y
d.Noneoft
heabovear
ec
or
r
e
c
t
.
ANSWER:
b.
65i
n1972and156t
oda
y
115. I
n1972i
nRi
ve
r
s
i
de
,I
owaonec
oul
dbuymode
lr
oc
ke
te
ngi
ne
sf
or$1.
50
,i
ft
hos
es
amee
ngi
ne
sc
os
t$2
.
50t
oda
ywha
ts
e
tofCPI
’
swoul
d
maket
hee
ngi
nepr
i
c
e
si
nt
oda
y’
sdol
l
ar
st
hes
amef
orbot
hye
ar
s
?
a
. 60i
n1972and100t
oda
y
b.60i
n1972and120t
oda
y
c
. 60i
n1972and150t
oda
y
d.Noneoft
heabovear
ec
or
r
e
c
t
.
ANSWER:
a
.
60i
n1972and100t
oda
y
116. I
n1949S
yc
amor
e
,I
l
l
i
noi
sbui
l
tahos
pi
t
alf
orabout$500
,
000.
I
n1987t
hec
ount
yr
e
s
t
or
e
dt
hec
our
t
hous
ef
orabout$2
.
4mi
l
l
i
on.Apr
i
c
e
i
nde
xf
ornonr
e
s
i
de
nt
i
alc
ons
t
r
uc
t
i
onwas14i
n1949,
92i
n1987
,and114
.
5i
n2000
.Ac
c
or
di
ngt
ot
he
s
enumbe
r
st
hehos
pi
t
alc
os
ta
bout
a
. $3.
6mi
l
l
i
oni
n2000dol
l
ar
s
,whi
c
hi
sl
e
s
st
hant
hec
os
toft
hec
our
t
hous
er
e
s
t
or
a
t
i
oni
n2000dol
l
ar
s
.
b.$3.
6mi
l
l
i
oni
n2000dol
l
ar
s
,whi
c
hi
smor
et
hant
hec
os
toft
hec
our
t
hous
er
e
s
t
or
a
t
i
oni
n2000dol
l
ar
s
.
c
. $4.
1mi
l
l
i
oni
n2000dol
l
ar
s
,whi
c
hi
sl
e
s
st
hant
hec
os
toft
hec
our
t
hous
er
e
s
t
or
a
t
i
oni
n2000dol
l
ar
s
.
d.$4.
1mi
l
l
i
oni
n2000dol
l
ar
s
,whi
c
hi
smor
et
hant
hec
os
toft
hec
our
t
hous
er
e
s
t
or
a
t
i
oni
n2000dol
l
ar
s
.
ANSWER:
d.
$4.
1mi
l
l
i
oni
n2000dol
l
ar
s
,whi
c
hi
smor
et
hant
hec
os
toft
hec
our
t
hous
er
e
s
t
or
a
t
i
oni
n2000dol
l
ar
s
.
117. Andr
e
wi
soffe
r
e
daj
obi
nDe
sMoi
ne
swhe
r
et
heCPIi
s80andaj
obi
nNe
w Yor
kwhe
r
et
heCPIi
s12
5
.Andr
e
w’
sj
oboffe
ri
nDe
sMoi
ne
s
i
sf
or$42
,
000.
How muc
hdoe
st
heNe
w Yor
kj
obne
e
dt
opa
yi
nor
de
rt
omaket
het
wos
al
ar
i
e
sha
veal
mos
tt
hes
amepur
c
has
i
ngpowe
r
?
a
. $74,
667
b.
$65
,
625
c
.
$60
,
900
d.
$52
,
500
ANSWER:
b.
$65,
625
118. Le
s
l
i
ei
soffe
r
e
daj
obi
nSe
a
t
t
l
et
ha
tpa
ys$50
,
000.
Shei
sal
s
ooffe
r
e
daj
obi
nBos
t
ont
ha
tpa
ys$60
,
000.
Whi
c
hs
e
tofCPI
’
sbe
l
ow woul
d
maket
het
wos
al
ar
i
e
sha
veal
mos
tt
hes
amepur
c
has
i
ngpowe
r
?
a
. 83.
3i
nSe
a
t
t
l
eand100i
nBos
t
on
b.89.
3i
nSe
a
t
t
l
eand100i
nBos
t
on
c
. 100i
nSe
a
t
t
l
eand124.
5i
nBos
t
on
d.100i
nSe
a
t
t
l
eand140i
nBos
t
on
ANSWER:
a
.
83.
3i
nSe
a
t
t
l
eand100i
nBos
t
on
119. Ti
ffanyi
soffe
r
e
daJ
obi
nMi
nne
apol
i
st
ha
tpa
ys$80
,
000.
Shei
soffe
r
e
das
i
mi
l
arj
obi
nMe
mphi
sf
or$64,
000
.Whi
c
hs
e
tofCPI
’
swoul
d
maket
het
wos
al
ar
i
e
sha
veal
mos
tt
hes
amepur
c
has
i
ngpowe
r
?
a
. 90i
nMi
nne
apol
i
sand80i
nMe
mphi
s
b.90i
nMi
nne
apol
i
sand72i
nMe
mphi
s
c
. 90i
nMi
nne
apol
i
sand66i
nMe
mphi
s
d.Noneoft
heabovear
ec
or
r
e
c
t
.
ANSWER:
b.
90i
nMi
nne
apol
i
sand72i
nMe
mphi
s
120. Whe
nboxoffic
er
e
c
e
i
pt
sar
ec
or
r
e
c
t
e
df
ori
nfla
t
i
on,t
heNo.
1movi
eofal
lt
i
mei
s
a
. St
a
rWar
s
:ThePhant
om Me
nac
e
b.Spi
de
r
man
c
. GoneWi
t
ht
heWi
nd
d.TheSoundofMus
i
c
ANSWER:
c
.
GoneWi
t
ht
heWi
nd
121. A COLA aut
oma
t
i
c
al
l
yr
ai
s
e
st
hewa
ger
a
t
ewhe
n
a
. GDPi
nc
r
e
as
e
s
.
b.t
hec
ons
ume
rpr
i
c
ei
nde
xi
nc
r
e
as
e
s
.
c
.t
ax
e
si
nc
r
e
as
e
.
d.t
hec
ons
ume
rpr
i
c
ei
nde
xi
sannounc
e
d.
ANSWER:
b. t
hec
ons
ume
rpr
i
c
ei
nde
xi
nc
r
e
as
e
s
.
122. I
nde
xa
t
i
onr
e
f
e
r
st
o:
a
. apr
oc
e
s
sofadj
us
t
i
ngt
henomi
nali
nt
e
r
e
s
tr
a
t
es
ot
ha
ti
ti
se
qualt
ot
her
e
ali
nt
e
r
e
s
tr
a
t
e
.
b.us
i
ngal
a
w orc
ont
r
ac
tt
oaut
oma
t
i
c
al
l
yc
or
r
e
c
tadol
l
aramountf
ort
hee
ffe
c
t
sofi
nfla
t
i
on.
c
. us
i
ngapr
i
c
ei
nde
xt
ode
fla
t
edol
l
arval
ue
s
.
Downloaded by 12. Nguy?n Th? Trà M ([email protected])
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Chapter 11/Measuring the Cost of Living  317
d.anadj
us
t
me
ntmadebyt
heBur
e
auofLa
borSt
a
t
i
s
t
i
c
st
ot
heCPIs
ot
ha
tt
hei
nde
xi
si
nl
i
newi
t
ht
heGDPde
fla
t
or
.
ANSWER:
b.
us
i
ngal
a
w orc
ont
r
ac
tt
oaut
oma
t
i
c
al
l
yc
or
r
e
c
tadol
l
aramountf
ort
hee
ffe
c
t
sofi
nfla
t
i
on.
123. Ma
vi
sCor
por
a
t
i
onhasana
gr
e
e
me
ntwi
t
hi
t
swor
ke
r
st
oc
ompl
e
t
e
l
yi
nde
xt
hewa
geofi
t
se
mpl
oye
e
st
oi
nfla
t
i
oni
nt
heCPI
.Ma
vi
s
c
ur
r
e
nt
l
ypa
ysi
t
spr
oduc
t
i
onl
i
newor
ke
r
s$7.
50anhourandi
ss
c
he
dul
e
dt
oi
nde
xt
he
i
rwa
ge
st
oda
y
.
I
ft
heCPIi
sc
ur
r
e
nt
l
yabout130
andwas120aye
ara
goMa
vi
ss
houl
di
nc
r
e
as
et
hehour
l
ywa
ge
sofi
t
swor
ke
r
sbyabout
a
. $0.
075
b.
$0
.
10
c
.
$0
.
58
d.
$0
.
65
ANSWER:
d.
$0.
65
124. Rut
hc
ol
l
e
c
t
e
dSoc
i
alSe
c
ur
i
t
ypa
yme
nt
sof$220amont
hi
n1985.
I
ft
hepr
i
c
ei
nde
xr
os
ef
r
om 90t
o105dur
i
ng1985he
rSoc
i
alSe
c
ur
i
t
y
pa
yme
nt
sf
or1986s
houl
dha
vebe
e
nabout
a
. $252.
43
.
b.
$253
.
00.
c
.
$256
.
67.
d.
Noneoft
heabovear
ec
or
r
e
c
t
.
ANSWER:
c
.
$256.
67
.
125. Soc
i
alSe
c
ur
i
t
ypa
yme
nt
sar
ei
nde
x
e
df
ori
nfla
t
i
onus
i
ngt
heCPI
.Ar
e
c
e
ntne
ws
pape
re
di
t
or
i
alc
l
ai
me
dt
ha
tSoc
i
alSe
c
ur
i
t
yr
e
c
i
pi
e
nt
sar
e
har
me
dbyye
ar
sofl
ow i
nfla
t
i
onbe
c
aus
et
he
ydonotr
e
c
e
i
veasl
ar
geani
nc
r
e
as
ei
nt
he
i
rpa
yme
nt
sast
he
ydoi
nye
ar
sofhi
ghi
nfla
t
i
on.
Whi
c
hoft
hef
ol
l
owi
ngs
t
a
t
e
me
nt
si
sc
or
r
e
c
t
?
a
. Thene
ws
pape
re
di
t
or
i
ali
sc
or
r
e
c
tunde
ral
lc
i
r
c
ums
t
anc
e
s
.
b.Thene
ws
pape
re
di
t
or
i
ali
sc
or
r
e
c
ti
ft
hemar
ke
tbas
ke
tc
ons
ume
dbySoc
i
alSe
c
ur
i
t
yr
e
c
i
pi
e
nt
si
st
hes
ameast
hemar
ke
tbas
ke
tus
e
d
t
oc
omput
et
heCPI
.
c
. Thene
ws
pape
re
di
t
or
i
ali
sc
or
r
e
c
ti
ft
hepr
i
c
e
soft
hegoodsc
ons
ume
dbySoc
i
alSe
c
ur
i
t
yr
e
c
i
pi
e
nt
si
nc
r
e
as
ef
as
t
e
rt
hant
hepr
i
c
e
sof
t
hegoodsi
nt
hemar
ke
tbas
ke
tus
e
dt
oc
omput
et
heCPI
.
d.Thene
ws
pape
re
di
t
or
i
ali
sc
or
r
e
c
ti
ft
hepr
i
c
e
soft
hegoodsc
ons
ume
dbySoc
i
alSe
c
ur
i
t
yr
e
c
i
pi
e
nt
si
nc
r
e
as
es
l
owe
rt
hant
hepr
i
c
e
sof
t
hegoodsi
nt
hemar
ke
tbas
ke
tus
e
dt
oc
omput
et
heCPI
.
ANSWER:
c
.
Thene
ws
pape
re
di
t
or
i
ali
sc
or
r
e
c
ti
ft
hepr
i
c
e
soft
hegoodsc
ons
ume
dbySoc
i
alSe
c
ur
i
t
yr
e
c
i
pi
e
nt
si
nc
r
e
as
ef
as
t
e
rt
hant
he
pr
i
c
e
soft
hegoodsi
nt
hemar
ke
tbas
ke
tus
e
dt
oc
omput
et
heCPI
.
126. OfSoc
i
alSe
c
ur
i
t
ybe
ne
fit
s
,andf
e
de
r
ali
nc
omet
axbr
ac
ke
t
s
,whi
c
hi
si
nde
x
e
d?
a
. bot
h
b.onl
ySoc
i
alSe
c
ur
i
t
ybe
ne
fit
s
c
. onl
yf
e
de
r
ali
nc
omet
axbr
a
c
ke
t
s
d.Ne
i
t
he
roft
he
m ar
ei
nde
x
e
d.
ANSWER:
a
.
bot
har
ei
nde
x
e
d
127. I
nt
e
r
e
s
tr
e
pr
e
s
e
nt
sapa
yme
nt
a
. now f
ormone
yt
obet
r
ans
f
e
r
r
e
di
nt
hef
ut
ur
e
.
b. i
nt
hef
ut
ur
ef
orat
r
ans
f
e
rofmone
yi
nt
hepas
t
.
c
. i
nt
hepas
tf
ormone
yt
r
ans
f
e
r
r
e
dnow.
d.Al
loft
heabovear
ec
or
r
e
c
t
.
ANSWER:
a
.
now f
ormone
yt
obet
r
ans
f
e
r
r
e
di
nt
hef
ut
ur
e
.
128. Whi
c
hi
st
hemos
tac
c
ur
a
t
es
t
a
t
e
me
ntaboutt
her
e
l
a
t
i
ons
hi
pbe
t
we
e
ni
nfla
t
i
onandi
nt
e
r
e
s
tr
a
t
e
s
?
a
. The
r
ei
snor
e
l
a
t
i
ons
hi
pbe
t
we
e
ni
nfla
t
i
onandi
nt
e
r
e
s
tr
a
t
e
s
.
b.Thei
nt
e
r
e
s
tr
a
t
ei
sde
t
e
r
mi
ne
dbyt
her
a
t
eofi
nfla
t
i
on.
c
.I
nor
de
rt
of
ul
l
yunde
r
s
t
andi
nfla
t
i
on,wene
e
dt
oknow how t
oc
or
r
e
c
tf
ort
hee
ffe
c
t
sofi
nt
e
r
e
s
tr
a
t
e
s
.
d.I
nor
de
rt
of
ul
l
yunde
r
s
t
andi
nt
e
r
e
s
tr
a
t
e
s
,wene
e
dt
oknow how t
oc
or
r
e
c
tf
ort
hee
ffe
c
t
sofi
nfla
t
i
on.
ANSWER:
d.
I
nor
de
rt
of
ul
l
yunde
r
s
t
andi
nt
e
r
e
s
tr
a
t
e
s
,wene
e
dt
oknow how t
oc
or
r
e
c
tf
ort
hee
ffe
c
t
sofi
nfla
t
i
on.
129. Whi
c
hoft
hef
ol
l
owi
ngi
st
hemos
tac
c
ur
a
t
es
t
a
t
e
me
ntaboutt
her
e
l
a
t
i
ons
hi
pbe
t
we
e
nt
henomi
nali
nt
e
r
e
s
tr
a
t
eandt
her
e
ali
nt
e
r
e
s
tr
a
t
e
?
a
. Ther
e
ali
nt
e
r
e
s
tr
a
t
ei
st
henomi
nali
nt
e
r
e
s
tr
a
t
et
i
me
st
her
a
t
eofi
nfla
t
i
on.
b.Ther
e
ali
nt
e
r
e
s
tr
a
t
ei
st
henomi
nali
nt
e
r
e
s
tr
a
t
emi
nust
her
a
t
eofi
nfla
t
i
on.
c
. Ther
e
ali
nt
e
r
e
s
tr
a
t
ei
st
henomi
nali
nt
e
r
e
s
tr
a
t
epl
ust
her
a
t
eofi
nfla
t
i
on.
d.Ther
e
ali
nt
e
r
e
s
tr
a
t
ei
st
henomi
nali
nt
e
r
e
s
tr
a
t
edi
vi
de
dbyt
her
a
t
eofi
nfla
t
i
on.
ANSWER:
b.
Ther
e
ali
nt
e
r
e
s
tr
a
t
ei
st
henomi
nali
nt
e
r
e
s
tr
a
t
emi
nust
her
a
t
eofi
nfla
t
i
on.
130. I
ft
henomi
nali
nt
e
r
e
s
tr
a
t
ei
s8pe
r
c
e
ntandr
a
t
eofi
nfla
t
i
oni
s3pe
r
c
e
nt
,t
her
e
ali
nt
e
r
e
s
tr
a
t
ei
s
a
. 11pe
r
c
e
nt
.
b.24pe
r
c
e
nt
.
c
. 5pe
r
c
e
nt
.
d.3.
75pe
r
c
e
nt
.
ANSWER:
c
.
5pe
r
c
e
nt
.
131. I
ft
henomi
nali
nt
e
r
e
s
tr
a
t
ei
s5pe
r
c
e
ntandt
her
a
t
eofi
nfla
t
i
oni
s10pe
r
c
e
nt
,
t
her
e
ali
nt
e
r
e
s
tr
a
t
ei
s
a
. 2pe
r
c
e
nt
.
b.
5pe
r
c
e
nt
.
c
.
–2pe
r
c
e
nt
.
d.
–5pe
r
c
e
nt
.
ANSWER:
d.
–5pe
r
c
e
nt
.
132. I
ft
henomi
nali
nt
e
r
e
s
tr
a
t
ei
s8pe
r
c
e
ntandr
a
t
eofi
nfla
t
i
oni
s2pe
r
c
e
nt
,t
her
e
ali
nt
e
r
e
s
tr
a
t
ei
s
a
. 16pe
r
c
e
nt
.
b.10pe
r
c
e
nt
.
c
. 6pe
r
c
e
nt
.
d.4pe
r
c
e
nt
.
ANSWER:
c
.
6pe
r
c
e
nt
.
Downloaded by 12. Nguy?n Th? Trà M ([email protected])
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318  Chapter 11/Measuring the Cost of Living
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
2
133. Thenomi
nali
nt
e
r
e
s
tr
a
t
et
e
l
l
syou
a
. how f
as
tt
henumbe
rofdol
l
ar
si
nyourbanka
c
c
ountr
i
s
e
sove
rt
i
me
.
b.how f
as
tt
hepur
c
has
i
ngpowe
rofyourbankac
c
ountr
i
s
e
sove
rt
i
me
.
c
.t
henumbe
rofdol
l
ar
si
nyourbankac
c
ount
.
d.t
hepur
c
has
i
ngpowe
ri
nyourbankac
c
ount
.
ANSWER:
a
.
how f
as
tt
henumbe
rofdol
l
ar
si
nyourbanka
c
c
ountr
i
s
e
sove
rt
i
me
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
2
134. Ther
e
ali
nt
e
r
e
s
tr
a
t
et
e
l
l
syou
a
. how f
as
tt
henumbe
rofdol
l
ar
si
nyourbanka
c
c
ountr
i
s
e
sove
rt
i
me
.
b.how f
as
tt
hepur
c
has
i
ngpowe
rofyourbankac
c
ountr
i
s
e
sove
rt
i
me
.
c
.t
henumbe
rofdol
l
ar
si
nyourbankac
c
ount
.
d.t
hepur
c
has
i
ngpowe
rofyourbankac
c
ount
.
ANSWER:
b.
how f
as
tt
hepur
c
has
i
ngpowe
rofyourbankac
c
ountr
i
s
e
sove
rt
i
me
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
2
135. Whi
c
hoft
hef
ol
l
owi
ngi
st
hemos
tac
c
ur
a
t
es
t
a
t
e
me
ntaboutnomi
nalandr
e
ali
nt
e
r
e
s
tr
a
t
e
s
?
a
. Nomi
nalandr
e
ali
nt
e
r
e
s
tr
a
t
e
sal
wa
ysmovet
oge
t
he
r
.
b.Nomi
nalandr
e
ali
nt
e
r
e
s
tr
a
t
e
sne
ve
rmovet
oge
t
he
r
.
c
. Nomi
nalandr
e
ali
nt
e
r
e
s
tr
a
t
e
sof
t
e
ndonotmovet
oge
t
he
r
.
d.Nomi
nalandr
e
ali
nt
e
r
e
s
tr
a
t
e
sar
ei
de
nt
i
c
al
.
ANSWER:
c
.
Nomi
nalandr
e
ali
nt
e
r
e
s
tr
a
t
e
sof
t
e
ndonotmovet
oge
t
he
r
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
2
136. Whi
c
hoft
hef
ol
l
owi
ngi
st
hemos
tac
c
ur
a
t
es
t
a
t
e
me
ntaboutr
e
alandnomi
nali
nt
e
r
e
s
tr
a
t
e
s
?
a
. Re
ali
nt
e
r
e
s
tr
a
t
e
sc
anbee
i
t
he
rpos
i
t
i
veorne
ga
t
i
ve
,butnomi
nali
nt
e
r
e
s
tr
a
t
e
smus
tbepos
i
t
i
ve
.
b.Re
ali
nt
e
r
e
s
tr
a
t
e
sandnomi
nali
nt
e
r
e
s
tr
a
t
e
smus
tbepos
i
t
i
ve
.
c
. Re
ali
nt
e
r
e
s
tr
a
t
e
smus
tbepos
i
t
i
ve
,butnomi
nali
nt
e
r
e
s
tr
a
t
e
sc
anbee
i
t
he
rpos
i
t
i
veorne
ga
t
i
ve
.
d.Re
ali
nt
e
r
e
s
tr
a
t
e
sandnomi
nali
nt
e
r
e
s
tr
a
t
e
sc
a
nbee
i
t
he
rpos
i
t
i
veorne
ga
t
i
ve
.
ANSWER:
a
.
Re
ali
nt
e
r
e
s
tr
a
t
e
sc
anbee
i
t
he
rpos
i
t
i
veorne
ga
t
i
ve
,butnomi
nali
nt
e
r
e
s
tr
a
t
e
smus
tbepos
i
t
i
ve
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
2
137. I
ft
her
e
ali
nt
e
r
e
s
tr
a
t
ei
s6pe
r
c
e
ntandt
hee
xpe
c
t
e
di
nfla
t
i
onr
a
t
ei
s4pe
r
c
e
ntt
he
naf
t
e
raye
arape
r
s
one
xpe
c
t
st
oha
ve
a
. 10pe
r
c
e
ntmor
edol
l
ar
swhi
c
hwi
l
lpur
c
has
e6pe
r
c
e
ntmor
egoods
.
b.10pe
r
c
e
ntmor
edol
l
ar
swhi
c
hwi
l
lpur
c
has
e4pe
r
c
e
ntmor
egoods
.
c
. 6pe
r
c
e
ntmor
edol
l
ar
swhi
c
hwi
l
lpur
c
has
e4pe
r
c
e
ntmor
egoods
.
d.6pe
r
c
e
ntmor
edol
l
ar
swhi
c
hwi
l
lpur
c
has
e2pe
r
c
e
ntmor
egoods
.
ANSWER:
a
.
10pe
r
c
e
ntmor
edol
l
ar
swhi
c
hwi
l
lpur
c
has
e6pe
r
c
e
ntmor
egoods
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
2
138. Suppos
et
ha
tt
her
e
ali
nt
e
r
e
s
tr
a
t
ewas3pe
r
c
e
ntandt
hei
nfla
t
i
onr
a
t
ewas1pe
r
c
e
nt
.
a
. Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
da
t2pe
r
c
e
nt
,
andt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
nc
r
e
as
e
da
t3pe
r
c
e
nt
.
b.Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
da
t1pe
r
c
e
nt
,
andt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
nc
r
e
as
e
da
t2pe
r
c
e
nt
.
c
. Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
da
t3pe
r
c
e
nt
,
andt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
nc
r
e
as
e
da
t1pe
r
c
e
nt
.
d.Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
da
t4pe
r
c
e
nt
,
andt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
nc
r
e
as
e
da
t3pe
r
c
e
nt
.
ANSWER:
d.
Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
da
t4pe
r
c
e
nt
,
andt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
nc
r
e
as
e
da
t3pe
r
c
e
nt
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
2
139. Suppos
et
ha
tt
henomi
nali
nt
e
r
e
s
tr
a
t
ewas3pe
r
c
e
ntandt
hei
nfla
t
i
onr
a
t
ewas1pe
r
c
e
nt
.
a
. Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
da
t1pe
r
c
e
nt
,
andt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
nc
r
e
as
e
da
t2pe
r
c
e
nt
.
b.Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
da
t2pe
r
c
e
nt
,
andt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
nc
r
e
as
e
da
t3pe
r
c
e
nt
.
c
. Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
da
t3pe
r
c
e
nt
,
andt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
nc
r
e
as
e
da
t2pe
r
c
e
nt
.
d.Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
da
t4pe
r
c
e
nt
,
andt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
nc
r
e
as
e
da
t3pe
r
c
e
nt
.
ANSWER:
c
.
Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
da
t3pe
r
c
e
nt
,
andt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
nc
r
e
as
e
da
t2pe
r
c
e
nt
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
2
140. Suppos
et
ha
tt
henomi
nali
nt
e
r
e
s
tr
a
t
ei
s6pe
r
c
e
ntandt
hee
xpe
c
t
e
di
nfla
t
i
onr
a
t
ei
s4pe
r
c
e
nt
.
a
. Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
sby10pe
r
c
e
ntandt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
se
xpe
c
t
e
dt
oi
nc
r
e
as
eby6pe
r
c
e
nt
b.Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
sby10pe
r
c
e
ntandt
heval
ueofs
a
vi
ngsme
as
ur
e
di
ngoodsi
se
xpe
c
t
e
dt
oi
nc
r
e
as
eby4pe
r
c
e
nt
c
. Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
sby6pe
r
c
e
ntandt
heval
ueofs
a
vi
ngsi
ngoodsi
se
xpe
c
t
e
dt
oi
nc
r
e
as
eby4pe
r
c
e
nt
d.Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
sby6pe
r
c
e
ntandt
heval
ueofs
a
vi
ngsi
ngoodsi
se
xpe
c
t
e
dt
oi
nc
r
e
as
eby2pe
r
c
e
nt
ANSWER:
d.
Thedol
l
arval
ueofs
a
vi
ngsi
nc
r
e
as
e
sby6pe
r
c
e
ntandt
heval
ueofs
a
vi
ngsi
ngoodsi
se
xpe
c
t
e
dt
oi
nc
r
e
as
eby2pe
r
c
e
nt
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
2
Downloaded by 12. Nguy?n Th? Trà M ([email protected])
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Chapter 11/Measuring the Cost of Living  319
141. Ral
phput
smone
yi
nt
hebankande
ar
nsa5pe
r
c
e
ntnomi
nali
nt
e
r
e
s
tr
a
t
e
,
i
ft
hei
nfla
t
i
onr
a
t
ei
s3pe
r
c
e
nt
,
a
. Ral
phwi
l
lha
ve3pe
r
c
e
ntmor
emone
ywhi
c
hwi
l
lpur
c
has
e2pe
r
c
e
ntmor
egoods
.
b.Ral
phwi
l
lha
ve3pe
r
c
e
ntmor
emone
ywhi
c
hwi
l
lpur
c
has
e8pe
r
c
e
ntmor
egoods
.
c
. Ral
phwi
l
lha
ve5pe
r
c
e
ntmor
emone
ywhi
c
hwi
l
lpur
c
has
e2pe
r
c
e
ntmor
egoods
.
d.Ral
phwi
l
lha
ve5pe
r
c
e
ntmor
emone
ywhi
c
hwi
l
lpur
c
has
e8pe
r
c
e
ntmor
egoods
.
ANSWER:
c
.
Ral
phwi
l
lha
ve5pe
r
c
e
ntmor
emone
ywhi
c
hwi
l
lpur
c
has
e2pe
r
c
e
ntmor
egoods
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
2
142. I
nJ
apani
n2000nomi
nali
nt
e
r
e
s
tr
a
t
e
swe
r
e1
.
5pe
r
c
e
ntandt
hei
nfla
t
i
onr
a
t
ewas–.
5pe
r
c
e
nt
.Ther
e
ali
nt
e
r
e
s
tr
a
t
ewas
a
. –2pe
r
c
e
nt
.
b.–1pe
r
c
e
nt
.
c
. 1pe
r
c
e
nt
.
d.2pe
r
c
e
nt
.
ANSWER:
d.
2pe
r
c
e
nt
.
TYPE:
M DI
FFI
CULTY:1SECTI
ON:11.
2
143. Samant
hade
pos
i
t
s$1,
000i
nas
a
vi
nga
c
c
ountt
ha
tpa
ysanannuali
nt
e
r
e
s
tr
a
t
eof4pe
r
c
e
nt
.Ove
rt
hec
our
s
eofaye
art
hei
nfla
t
i
onr
a
t
ei
s
1pe
r
c
e
nt
.
Att
hee
ndoft
heye
arSamant
hahas
a
. $50mor
ei
nhe
rac
c
ount
,
andhe
rpur
c
has
i
ngpowe
rhasi
nc
r
e
as
e
dabout$30.
b.$40mor
ei
nhe
rac
c
ount
,
andhe
rpur
c
has
i
ngpowe
rhasi
nc
r
e
as
e
dabout$40.
c
. $40mor
ei
nhe
rac
c
ount
,
andhe
rpur
c
has
i
ngpowe
rhasi
nc
r
e
as
e
dabout$30.
d.$30mor
ei
nhe
rac
c
ountandhe
rpur
c
has
i
ngpowe
rhasi
nc
r
e
as
e
dabout$50.
ANSWER:
c
.
$40mor
ei
nhe
rac
c
ount
,
andhe
rpur
c
has
i
ngpowe
rhasi
nc
r
e
as
e
dabout$30.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
2
144. Ms
.Smi
t
hbor
r
owe
d$1000f
r
om he
rbankf
oroneye
ara
tani
nt
e
r
e
s
tr
a
t
eof10pe
r
c
e
ntpe
rye
ar
.Dur
i
ngt
ha
tye
art
hepr
i
c
el
e
ve
lwe
ntup
by15pe
r
c
e
nt
.Whi
c
hoft
hef
ol
l
owi
ngs
t
a
t
e
me
nt
si
sc
or
r
e
c
t
?
a
. Ms
.Smi
t
hwi
l
lr
e
pa
yt
hebankf
e
we
rdol
l
ar
st
hans
hei
ni
t
i
al
l
ybor
r
owe
d.
b.Ms
.Smi
t
h'
sr
e
pa
yme
ntwi
l
lgi
vet
hebankl
e
s
spur
c
has
i
ngpowe
rt
hani
tor
i
gi
nal
l
yl
oane
dhe
r
.
c
. Ms
.Smi
t
h'
sr
e
pa
yme
ntwi
l
lgi
vet
hebankgr
e
a
t
e
rpur
c
has
i
ngpowe
rt
hani
tor
i
gi
nal
l
yl
oane
dhe
r
.
d.Ms
.Smi
t
h'
sr
e
pa
yme
ntwi
l
lgi
vet
hebankt
hes
amepur
c
has
i
ngpowe
rt
ha
ti
tor
i
gi
nal
l
yl
oane
dhe
r
.
ANSWER:
b.
Ms
.Smi
t
h'
sr
e
pa
yme
ntwi
l
lgi
vet
hebankl
e
s
spur
c
has
i
ngpowe
rt
hani
tor
i
gi
nal
l
yl
oane
dhe
r
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
2
145. J
akel
oane
dEl
wood$5
,
000f
oroneye
ara
tanomi
nali
nt
e
r
e
s
tr
a
t
eof10pe
r
c
e
nt
.Af
t
e
rEl
woodr
e
pai
dt
hel
oani
nf
ul
l
,
J
akec
ompl
ai
ne
d
t
ha
thec
oul
dbuy4pe
r
c
e
ntf
e
we
rgoodswi
t
ht
hemone
yEl
woodga
vehi
mt
hanhec
oul
dbe
f
or
ehel
oane
dEl
woodt
he$5
,
000.
Fr
om t
hi
s
wec
anc
onc
l
udet
ha
tt
her
a
t
eofi
nfla
t
i
ondur
i
ngt
heye
arwas
a
.2
.
5pe
r
c
e
nt
.
b. 6pe
r
c
e
nt
.
c
. 8pe
r
c
e
nt
.
d. 14pe
r
c
e
nt
.
ANSWER:
d.
14pe
r
c
e
nt
.
TYPE:
M DI
FFI
CULTY:3SECTI
ON:11.
2
146. I
nt
hec
ount
r
yofHyr
kani
a
,t
heCPIi
n2000was120andt
heCPIi
n2001was132.
J
ake
,ar
e
s
i
de
ntofHyr
kani
a
,bor
r
owe
dmone
yi
n2000
andr
e
pai
dt
hel
oani
n2001
.I
ft
henomi
nali
nt
e
r
e
s
tr
a
t
eont
hel
oanwas12pe
r
c
e
nt
,
t
he
nt
her
e
ali
nt
e
r
e
s
tr
a
t
ewas
a
. 12pe
r
c
e
nt
.
b.10pe
r
c
e
nt
.
c
. 2pe
r
c
e
nt
.
d.i
mpos
s
i
bl
et
ode
t
e
r
mi
newi
t
houtknowi
ngt
hebas
eye
arf
ort
heCPI
.
ANSWER:
c
.
2pe
r
c
e
nt
.
TYPE:
M DI
FFI
CULTY:3SECTI
ON:11.
2
147. Nomi
nali
nt
e
r
e
s
tr
a
t
e
swe
r
e
a
. hi
ghi
nt
he70sand90s
.
b.l
ow i
nt
he70sand90s
.
c
. hi
ghi
nt
he70sandl
ow i
nt
he90s
.
d.l
ow i
nt
he70sandhi
ghi
nt
he90s
.
ANSWER:
c
.
hi
ghi
nt
he70sandl
ow i
nt
he90s
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
2
148. Re
ali
nt
e
r
e
s
tr
a
t
e
swe
r
e
a
. hi
ghi
nt
he70sand90s
.
b.l
ow i
nt
he70sand90s
.
c
. hi
ghi
nt
he70sandl
ow i
nt
he90s
.
d.l
ow i
nt
he70sandhi
ghi
nt
he90s
.
ANSWER:
d.
l
ow i
nt
he70sandhi
ghi
nt
he90s
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
2
Downloaded by 12. Nguy?n Th? Trà M ([email protected])
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320  Chapter 11/Measuring the Cost of Living
149. Nomi
nali
nt
e
r
e
s
tr
a
t
e
swe
r
ehi
ghi
nt
he
a
. 70sandr
e
ali
nt
e
r
e
s
tr
a
t
e
swe
r
ehi
ghi
nt
he90s
.
b.70sandr
e
ali
nt
e
r
e
s
tr
a
t
e
swe
r
el
ow i
nt
he90s
.
c
. 90sandr
e
ali
nt
e
r
e
s
tr
a
t
e
swe
r
ehi
ghi
nt
he70s
.
d.90sandr
e
ali
nt
e
r
e
s
tr
a
t
e
swe
r
el
ow i
nt
he70s
.
ANSWER:
a
.
70sandr
e
ali
nt
e
r
e
s
tr
a
t
e
swe
r
ehi
ghi
nt
he90s
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
2
150. I
nt
hel
a
t
e1970s
,nomi
nali
nt
e
r
e
s
tr
a
t
e
swe
r
ehi
ghandi
nfla
t
i
onr
a
t
e
swe
r
eve
r
yhi
gh.Asar
e
s
ul
t
,
r
e
ali
nt
e
r
e
s
tr
a
t
e
swe
r
e
a
. ve
r
yhi
gh.
b.mode
r
a
t
e
l
yhi
gh.
c
.l
ow,
andi
ns
omeye
ar
st
he
ywe
r
ene
ga
t
i
ve
.
d.l
ow,
butne
ve
rne
ga
t
i
ve
.
ANSWER:
c
.
l
ow,
andi
ns
omeye
ar
st
he
ywe
r
ene
ga
t
i
ve
.
TYPE:
M DI
FFI
CULTY:2SECTI
ON:11.
2
TRUE/
F
ALSE
1.
TheCPIf
or2000i
sc
omput
e
das100t
i
me
st
her
a
t
i
ooft
hepr
i
c
eoft
hemar
ke
tbas
ke
ti
n2000di
vi
de
dbyt
hepr
i
c
eoft
hemar
ke
tbas
ke
ti
n
t
hebas
eye
ar
.
ANSWER:
T
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
2.
TheCPIi
sc
omput
e
dbyfindi
ngt
hepr
i
c
eofamar
ke
tbas
ke
tofgoodswhos
ec
ont
e
nt
svar
ye
ac
hye
ar
.
ANSWER:
F
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
3.
I
ft
hec
ur
r
e
ntye
arCPIi
s140t
he
ns
i
nc
et
hebas
eye
ar
,t
hepr
i
c
el
e
ve
lhasi
nc
r
e
as
e
d40pe
r
c
e
nt
.
ANSWER:
T
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
4.
Thei
nfla
t
i
onr
a
t
ei
sc
omput
e
dast
he100t
i
me
st
he(
t
hec
ur
r
e
ntye
arCPImi
nust
heCPIoft
hepr
e
vi
ousye
ar
)di
vi
de
dbyt
heCPIoft
he
pr
e
vi
ousye
ar
.
ANSWER:
T
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
5.
FoodandBe
ve
r
a
ge
s
,
pl
usme
di
c
alc
ar
e
,
andappar
e
lac
c
ountf
orove
r50pe
r
c
e
ntoft
hegoodsands
e
r
vi
c
e
si
nt
heCPIbas
ke
tofgoods
.
ANSWER:
F
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
6.
Subs
t
i
t
ut
i
onbi
asi
nc
omput
i
ngt
heCPIt
e
ndst
omaket
heCPIove
r
s
t
a
t
et
het
r
uei
nc
r
e
as
ei
nt
hec
os
tofl
i
vi
ng.
ANSWER:
T
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
7.
The
r
ei
snol
onge
rmuc
hde
ba
t
eamonge
c
onomi
s
t
sc
onc
e
r
ni
ngt
hes
e
ve
r
i
t
yofandt
hes
ol
ut
i
ont
ot
hepr
obl
e
msi
nus
i
ngt
heCPIt
o
me
as
ur
et
hec
os
tofl
i
vi
ng.
ANSWER:
F
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
8.
Si
nc
ei
tac
c
ount
sf
orc
hange
si
nt
hepr
i
c
e
sofi
mpor
t
sandt
heGDPde
fla
t
ordoe
snot
,
t
heCPIi
sbas
e
donmor
egoodsands
e
r
vi
c
e
st
han
t
heGDPde
fla
t
or
.
ANSWER:
F
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
9.
Al
t
hought
he
ys
ome
t
i
me
sdi
ve
r
ge
,ge
ne
r
al
l
yt
heCPIandGDPde
fla
t
ormovei
nt
hes
amedi
r
e
c
t
i
on.
ANSWER:
T
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
1
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lOMoARcPSD|16208371
Chapter 11/Measuring the Cost of Living  321
10. Suppos
et
ha
tt
heCPIt
oda
yi
s120andt
ha
ti
twas80fiveye
ar
sa
go.
The
ni
nt
oda
y’
spr
i
c
e
ss
ome
t
hi
ngt
ha
tc
os
t$1fiveye
ar
sa
gonow c
os
t
s
$1.
50
.
ANSWER:
T
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
2
11. He
nr
yFor
dpai
dhi
swor
ke
r
s$5ada
yi
n1914whe
nt
heCPIwas10.
Toda
ywi
t
ht
hepr
i
c
ei
nde
xa
t177t
he$5ada
yi
swor
t
h$88
.
50.
ANSWER:
T
TYPE:
TFDI
FFI
CULTY:2SECTI
ON:11.
2
12. I
fyouc
ur
r
e
nt
l
ymake$25
,
000aye
arandt
heCPIr
i
s
e
sf
r
om 110t
oda
yt
o150i
nfiveye
ar
s
,t
he
nyoune
e
dt
obemaki
ng$35
,
000t
oha
ve
ke
ptpac
ewi
t
hc
ons
ume
rpr
i
c
ei
nfla
t
i
on.
ANSWER:
F
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
2
13. TheU.
S.
i
nc
omet
axs
ys
t
e
mi
sc
ompl
e
t
e
l
yi
nde
x
e
dt
ot
heCPI
.
ANSWER:
F
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
2
14. I
ft
henomi
nali
nt
e
r
e
s
tr
a
t
ei
s5pe
r
c
e
ntandt
hei
nfla
t
i
onr
a
t
ei
s2pe
r
c
e
nt
,
t
he
nt
her
e
ali
nt
e
r
e
s
tr
a
t
ei
s3pe
r
c
e
nt
.
ANSWER:
T
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
2
15. I
nt
he1970snomi
nali
nt
e
r
e
s
tr
a
t
e
swe
r
ehi
ghandr
e
ali
nt
e
r
e
s
tr
a
t
e
swe
r
el
ow.
I
nt
he1990snomi
nali
nt
e
r
e
s
tr
a
t
e
swe
r
el
ow andr
e
al
i
nt
e
r
e
s
tr
a
t
e
swe
r
ehi
gh.
ANSWER:
T
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
2
16. I
fnomi
nali
nt
e
r
e
s
tr
a
t
e
sr
i
s
e
,i
tmus
tbebe
c
aus
ei
nfla
t
i
onr
os
e
.
ANSWER:
F
TYPE:
TFDI
FFI
CULTY:1SECTI
ON:11.
2
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