1. Which pair of percentages most accurately represents aggregate expenditure components of GDP during the last decade? The numbers below represent average percentages for each variable. Select one:...

Extracted text: 1. Which pair of percentages most accurately represents aggregate expenditure components of GDP during the last decade? The numbers below represent average percentages for each variable. Select one: a. C = 68% G = 5% b. C = 30% G = 20% c. C = 68% X-M = -4% d. C = 47% I = 16% %3D %3D 2. You are provided with the following information pertaining to the price index for bread. CY equals current year. BY equals base year. Year Price CY Price BY Price Index 2011 $2.50 $2.50 100 2012 $2.80 $2.50 112 2013 $3.00 $2.50 120 Identify the accurate statement or statements below; Select one: a. the price level increased 12% between 2011 and 2012 b.the price level increased 8% between 2012 and 2013 c. the price level increased 7.14% between 2012 and 2013 d. a. and b. above e. a. and c. above