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1、Chapter5Student:1・Themeasureofthecostofastandardbasketofgoodsandservicesinanyperiodrelativetothecostofthesamebasketofgoodsandservicesinthebaseyeariscalledthe:A.consumptioncostcalculator.B.consumptionproduct!onindex.C.consumerproductionindex.D.consumerpriceindex.2.Theconsumerpriceindexforth
2、ecurrentyearmeasuresthecostofastandardbasketintheyearrelativetothecostofthesamebasketintheyear.A.current;baseB・current;currentC・base;indexD.base;current2.TheCPIisameasureofthe:A.realwage・B.priceofaspecificgoodorservice・C.rateofinflation.D.averagelevelofpricesrelativetopricesinthebaseyear.3
3、.Supposethatthetotalexpendituresforatypicalhouseholdin2010equaled$2,500permonth,whilethecostofpurchasingexactlythesameitemsin2015was$3,000.If2010isthebaseyear,theCPIfor2010equals:A.0.83B.1.00C.1.20D.1.255・Supposethatthetotalexpendituresforatypicalhouseholdin2010equaled$5,500permonth,whilet
4、hecostofpurchasingexactlythesameitemsin2015was$6,875.If2010isthebaseyear,theCPIfortheyear2015equals:A.0.80B.1.00C.1.206.Ifthetotalexpendituresofatypicalfamilyequaled$35,000peryearjn2010andtheexactsamebasketofgoodsandservicescost$40,000intheyear2015,thefamil/scostofliving:A.increasedby14per
5、cent.B.decreasedby12.5percent.C.decreasedby14percent.D.iincreasedby12.5percent.7.TheconsumerpriceindexforPlanetEconconsistsofonlytwoitems:booksandhamburgers・In2010,thebaseyear,thetypicalconsumerpurchased10booksfor$25eachand25hamburgersfor$2each.In2015,thetypicalconsumerpurchased15booksfor$
6、30eachand30hamburgersfor$3each.Theconsumerpriceindexfor2015onPlanetEconequals:A.1.00B.1.15C.1.25D.1.458・ThetypicalfamilyonthePlanetEconconsumes10pizzas,7pairsofjeans,and20gallonsofmilk.In2008,pizzascost$10each,jeanscost$40perpair,andmilkcost$3pergallon.In2009,thepriceofpizzaswentdownto$8ea
7、ch,whilethepricesofjeansandmilkremainedthesame.Between2008and2009,atypicalfamil/scostofliving:A.increasedby4.5percent.B.decreasedby4.5percent.C・remainedthesame・A.decreasedby20percent.9.ThetypicalfamilyonthePlanetEconconsumes10pizzas,7pairsofjeans,and20gallonso
