The following 2 questions (Q9 to Q10) are either “True” or “False” Q9: 5! is equ

ID: 3358002 • Letter: T

Question

The following 2 questions (Q9 to Q10) are either “True” or “False”

Q9: 5! is equal to 120.

Q10: With a combination ‘order matters’.

Q11: Which one of the following is NOT one of the major uses of the CPI?

A. The CPI is used to evaluate and determine economic policy.

B. The CPI is used to compare prices in different years.

C. The CPI is used to determine salary and price adjustments.

D. All of the above three answers are major uses of the CPI.

Q12: Using the 1989 base as a base, the price index for computers is now 125. What does this index number mean?

A. price of computers has decreased 25% since 1989

B. price of computers has increased 25% since 1989

C. price of computers has increased 125% since 1989

D. none of the above three answers are correct

Q13: A _____________ economic indicator is one whose changes lag behind or follow changes in the economy.

A. Leading
B. Coincidence

C. Lagging

Q14: Some criticisms of the CPI include all of the following except:

A. the market basket used in the CPI may not reflect current spending priorities

B. the CPI does not adjust for changes in quality

C.the CPI takes advantage of sale prices

D. the CPI does not measure prices for rural Americans

9. Yes 5! =5*4*3*2*1=120

10. No, in combination the order does not matter

11. D is correct

12. B. price of computers has increased 25% since 1989

13. All are correct

14. C.the CPI takes advantage of sale prices