Suppose the Value of the CPI Is 1

question 125

Multiple Choice

Suppose the value of the CPI is 1.100 in year one, 1.160 in year two, and 1.270 in year three.Assume also that the price of computers increases by 3% between year one and year two, and by another 3% between year two and year three.The price level is increasing, the inflation rate is _______, and the relative price of computers is _________.

• A)increasing; increasing
• B)constant; increasing
• C)constant; decreasing
• D)increasing; decreasing

---

Definitions:

Sexual Behavior

Activities related to physical intimacy and reproduction, varying widely across different species, including humans, and influenced by biological, psychological, and social factors.

Migrant Labor Force

A segment of the workforce that moves from one region or country to another to find employment, often characterized by temporary or seasonal work.

Young People

Young people refer to individuals in their early stages of life, typically considered to be between adolescence and full adulthood, going through significant physical, mental, and emotional development.

China

A country in East Asia, the world's most populous nation with a rich historical and cultural heritage.