题目内容

Laura bought word-processing software in 2005 for $50. Laura's twin brother, Laurence, buys an upgrade of the same software in 2006 for $50. What problem in the construction of the CPI does this situation best represent? ()

A. substitution bias
B. unmeasured quality change
C. introduction of new goods
D. income bias

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Samantha goes to the grocery store to make her monthly purchase of ginger ale. As she enters the soft drink section, she notices that the price of ginger ale has increased 15 percent, so she decides to buy some peppermint tea instead. To which problem in the construction of the CPI is this situation most relevant? ()

A. substitution bias
B. introduction of new goods
C. unmeasured quality change
D. income effect

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The price of imported olives produced by a U.S. company operating in Spain increases. By itself, what effect will this price increase have on the GDP deflator and on the CPI in the U.S.? ()

A. The GDP deflator and the CPI will both increase.
B. The GDP deflator will increase and the CPI will be unaffected.
C. The GDP deflator and the CPI will both be unaffected.
D. The GDP deflator will be unaffected and the CPI will increase.

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Ingrid took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to full professor, with a salary of $50,000. If the price index in 1974 was 50 and the price index in 2003 was 180, what is Ingrid's 2003 salary in 1974 dollars? ()

A. $13,889
B. $18,000
C. $26,000
D. $36,000

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Last year, Tealandia produced 50,000 bags of green tea. This was Tealandia’s only production. Each bag sold at 4 units of Tealandia's currency----the Leaf. Tealandia's money supply was 10,000. What was the velocity of money in Tealandia? ()

A. 20
B. 5
C. 1/20
D. 1/5

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Laura bought word-processing software in 2005 for $50. Laura's twin brother, Laurence, buys an upgrade of the same software in 2006 for $50. What problem in the construction of the CPI does this situation best represent? ()

A. substitution bias B. unmeasured quality change C. introduction of new goods D. income bias

The price of imported olives produced by a U.S. company operating in Spain increases. By itself, what effect will this price increase have on the GDP deflator and on the CPI in the U.S.? ()

Ingrid took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to full professor, with a salary of $50,000. If the price index in 1974 was 50 and the price index in 2003 was 180, what is Ingrid's 2003 salary in 1974 dollars? ()

Last year, Tealandia produced 50,000 bags of green tea. This was Tealandia’s only production. Each bag sold at 4 units of Tealandia's currency----the Leaf. Tealandia's money supply was 10,000. What was the velocity of money in Tealandia? ()

A. substitution bias
B. unmeasured quality change
C. introduction of new goods
D. income bias