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9) An increase in the price level is defined as A) a growth boom. B) a recession C) an expansion D) inflation. 10 The CPI index in 2018 was 180, and the CPI in 2019 was 240. Calculate the inflation rate berween 20 A) 25.0 C) 50.0%. D) 66.7% 11) Government agency announced that CPI for 2019 is 120, this means that A) prices are 0.12 times higher than in the reference base period. B) prices arc 20 percent higher than in the reference base period. prices are 120 percent higher than in the reference base period. D) the inflation rate must be negative. 2019 2020 Item Quantity Price Good A $5.00 $7.50 Good B 2 $3.00 $3.00 Good C $1.00 $1.50 Price 4 4 12) The table above gives the information about the items in the CPI basket and prices. Assume that 2019 is a refer base period. What is the value of the CPI index for the year 2019? A) 140 B) 133 C) 100 D) 75 mman 13) The table above gives the information about the items in the CPI basket and prices. Assume that 2019 is a refer base period. What is the value of the CPI index for the year 2020? B) 140 C) 133 D) 75 A) 100 Inflation rate (percent) Year 1 2 3 4 Price index 100 110 125 120 D 150 A B с 5 E 5 6 14) In the table above, what CPI index rate belongs in space D? A) 140 B) 126 C) 6 D) 130 D) 10 percent 15) In the table above, what inflation rate belongs in space B? A) 12 percent B) 8.3 percent C) 13.6 percent bln ($) Durable goods 800 Nonresidential investment 400 Federal purchases of goods 300 Exports 500 State and local purchases of goods 200 Residential investment 50 Services 500 Imports 200 Change in business inventories -25 Nondurable goods 700 16) According to the table above, the value for net exports is A) 200 B) 500 D) 700. (billions dollars). C) 300. This is the end of Final Exam. Have a eu