In a particular nation, people buy a completely unique and different set of goods and services every year. None of the goods purchased in the new year are the same as any of the goods purchased in the previous year. Based on this information thea) relative price of all goods would determine the consumer price index (CPI). b) the consumer price index (CPI) would be meaningless in this nation c) we would know the nation is experiencing deflation. d) we would know the nation is experiencing inflation.

Answer is mentioned below.

A) The relative price of all commodities are meaning less since no old product is re purchased . What exist is only the new year nominal prices . B ) True. C) we can't know whether the nation is experiencing deflation d ) we can't know whether the nation is experiencing inflation with out any previous price records . What we have is only a new base year every year . All years are new base years .

Explanation:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation: