Run the inflation numbers

Exercise and reference answers

Questions

1. Correct

   6.5

   Choices

   1. 6.5
   2. 0.5
   3. 9.8

2. Correct

   0.5

   Choices

   1. 6.5
   2. 0.5
   3. 9.8

3. Correct

   9.8

   Choices

   1. 6.5
   2. 0.5
   3. 9.8

4. Correct

   Housing

   Choices

   1. Housing
   2. Food
   3. Apparel

5. Correct

   Food

   Choices

   1. Housing
   2. Food
   3. Apparel

6. Correct

   Apparel

   Choices

   1. Housing
   2. Food
   3. Apparel

Instructions

Student basket inflation % in periods 2, 3, 4; then CPI weight: 42.7 percent, 15.3 percent, 3.3 percent.

Explanation