Sec 24.1 MC The Consumer Price Index

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1、1. TheCPIisameasureoftheoverallcostof a. theinputspurchasedbyatypicalproducer. b. thegoodsandservicespurchasedbyatypicalconsumer. c. thegoodsandservicesproducedintheeconomy. d. thestocksontheNewYorkStockExchange.ANSWER:  bPOINTS:  1DIFFICULTY:  EasyREFERENCES:  TheConsumerPriceI

2、ndexLEARNING OBJECTIVES:  ECON.MANK.103-Examinevariouscostoflivingmeasures.NATIONAL STANDARDS:  UnitedStates-BUSPROG:AnalyticTOPICS:  ConsumerpriceindexPricelevelsKEYWORDS:  BLOOM'S:KnowledgeDATE CREATED:  9/19/20161:18PMDATE MODIFIED:  9/21/20161:54PMCUSTOM ID:  001.24.1-MC-MAN

3、K082. TheCPIisameasureoftheoverallcostofthegoodsandservicesboughtby a. atypicalfirm. b. thegovernment. c. atypicalconsumer. d. Alloftheabovearecorrect.ANSWER:  cPOINTS:  1DIFFICULTY:  EasyREFERENCES:  TheConsumerPriceIndexLEARNING OBJECTIVES:  ECON.MANK.103-Examinevariouscostofl

4、ivingmeasures.NATIONAL STANDARDS:  UnitedStates-BUSPROG:AnalyticTOPICS:  ConsumerpriceindexPricelevelsKEYWORDS:  BLOOM'S:KnowledgeDATE CREATED:  9/19/20161:18PMDATE MODIFIED:  9/21/20161:54PMCUSTOM ID:  002.24.1-MC-MANK083. TheCPIisameasureoftheoverallcostofthegoodsandservicesbo

5、ughtby a. atypicalconsumer,andtheCPIiscomputedandreportedbytheDepartmentoftheTreasury. b. typicalconsumersandtypicalbusinessfirms,andtheCPIiscomputedandreportedbytheDepartmentoftheTreasury. c. atypicalconsumer,andtheCPIiscomputedandreportedbytheBureauofLaborStatistics. d. typica

6、lconsumersandtypicalbusinessfirms,andtheCPIiscomputedandreportedbytheBureauofLaborStatistics.ANSWER:  cPOINTS:  1DIFFICULTY:  ModerateCopyrightCengageLearning.PoweredbyCognero.Page 115REFERENCES:  TheConsumerPriceIndexLEARNING OBJECTIVES:  ECON.MANK.103-Examinevariouscostoflivin

7、gmeasures.NATIONAL STANDARDS:  UnitedStates-BUSPROG:AnalyticTOPICS:  ConsumerpriceindexPricelevelsKEYWORDS:  BLOOM'S:ComprehensionDATE CREATED:  9/19/20161:18PMDATE MODIFIED:  9/21/20161:54PMCUSTOM ID:  003.24.1-MC-MANK084. WhichofthefollowingagenciescalculatestheCPI? a. theNati

8、onalPriceBoard b. theDepartmentOfWeightandMeasu