Refer to Figure 24-1 What is the value of the basket in the base year ?

Related Mcqs:

1. With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ?

   A. 20 calculators increase
   B. 25 calculators decrease
   C. 25 calculators increase
   D. 30 calculators increase

2. Refer to Figure 1 The labour fouce is ?

   A. 134.0 million
   B. None of theses answers
   C. 92.3 million
   D. 98.0 million

3. Refer to Figure 1. The labour force participation rate is ?

   A. 47.1 Percent
   B. 65.9 Percent
   C. 50.2 Percent
   D. 70.2 Percent

4. Refer to Figure 1. The unemployment rate is ?

   A. 3.2 Percent
   B. 5.7 Percent
   C. 5.8 Percent
   D. Not Enough

5. Refer to Figure 1 What percent of the population vote for A when the choice is between A and B ?

   A. 75 percent
   B. 35 percent
   C. 60 percent
   D. 40 percent
   E. 25 percent

6. Term a country’s decision to tie the value of its currency to another country’s currency gold or a basket of currencies ?

   A. Pagged exchanged rate
   B. Fixed exchange rate
   C. Relative exchange rate
   D. Knotted exchange rate

7. The “basket” on which the CPI is based is composed of ?

   A. consumer production
   B. Products purchased by the typical consumer
   C. raw materials purchased by firms
   D. total current production
   E. none of these answers

8. The formula for the Laspeyres price index is (o is the base year and n is the given year) ?

   A. P = ∑Poqo/∑poqo
   B. P = ∑Poqo/∑pnqn
   C. P = ∑Pnqo/∑poqo
   D. P = ∑Poqn/∑poqo

9. The formula to calculate Passche price index is (o is the base year and n is the given year) ?

   A. P = ΣPnqn/Σpoqn
   B. P = ΣPoqo/Σpnqn
   C. P = ΣPnqo/Σpoqo
   D. P = ΣPnqn/Σpoqo

10. Suppose a project results in a net stream of $200 per year for 4 years, but nothing thereafter, Assume that the discount rate is 5 percent. The discounted value of the total income stream over the 4-year period is ?

    A. 800
    B. 40,000
    C. more than zero but less than 800
    D. less than zero