Suppose a basket of goods and services has been selected to calculate the consumer price index. in 2005, the basket of goods cost $108.00; in 2006, it cost $135.00; and in 2007, it cost $168.75. which of the following statements is correct?
a. using 2005 as the base year, the economy’s inflation rate was higher in 2007 than it was in 2006.
b. if 2007 is the base year, then the cpi is 33.75 in 2006.
c. if the cpi is 156.25 in 2007, then 2005 is the base year.
d. using 2005 as the base year, the economy’s inflation rate for 2006 was 27 percent.

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

Peppy roaney believes that pizza is a much more versatile dish than most people realize. as the national marketing manager for pizza guys, he observed how consumers were delighted with barbecue pizza, hawaiian pizza, mexican pizza and other unique combinations. his suggestions for other unusual pizzas, however, were met with a negative response by his superiors. even some of his colleagues laughed at his ideas. peppy's confidence in his ability to understand the market has led him to focus on planning a business of his own. peppy realizes that he will take a risk when he leaves his job with pizza guys and embarks upon a new venture: peppy's pizzazzeria. peppy is excited about the potential of profitably catering to the unmet desires of pizza consumers. peppy is confident that peppy's pizzazzeria will be a success, but only if he has enough money to do things right. since peppy has very little personal wealth, he knows he must obtain financial assistance. in order to prepare for meetings with bankers and p

Atax on the sellers of coffee will a. increase the price of coffee paid by buyers, increase the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. b. increase the price of coffee paid by buyers, increase the e ffective price of coffee received by sellers, and decrease the equilibrium quantity of coffee. c. increase the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. d. increa se the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and decrease the equilibrium quantity of coffee.