Which goods and services are impacted the most by inflation precisely ?
Which goods and services are impacted the most by inflation precisely ?
Homework Answers
Answer:
The goods and services that are impacted the most by inflation are food and fuel. This is due to high volatility of food and fuel. The volatility of these goods is due to the commodity market which works all day long.
If it is expected that demand is going to rise or supply is going to shrink, the sellers could up the price and inflation may shoot up. This again impacted the equilibrium of food and fuel.
This is the reason why core inflation does not include the impact of food and fuel.
Add Answer to:
Which goods and services are
impacted the most by inflation precisely ?
Most goods and services produced at home a. and most goods and services produced illegally are...
Most goods and services produced at home a. and most goods and services produced illegally are included in GDP. b. are included in GDP while most goods and services produced illegally are excluded from GDP. bongo are excluded from GDP while most goods and services produced illegally are included in GDP d. and most goods and services produced illegally are excluded from GDP. ololololololololol
a. Inflation is: general decrease in the prices of all goods and services. general increase in...
a. Inflation is: general decrease in the prices of all goods and services. general increase in the output of all goods and services. general increase in the prices of all goods and services. general decrease in the output of all goods and services. b. When inflation occurs: people can buy less with the same amount of money. it becomes easier to find a job. it becomes more difficult to find a job. people can buy more with the same amount...
Calculate Inflation using the change in cost of a basket of goods and services Question Zimbabwe...
Calculate Inflation using the change in cost of a basket of goods and services Question Zimbabwe is going through hyperinflation. The table below shows what Zimbabwe residents spent on a basket of goods and services in three consecutive years. Use this information to calculate the inflation rate since the previous year for 2017. (Round your answer to two decimal places.) Inflation Rate Year. 2015 2016 2017 Total Expenditure $10,440 $35,860 $425,045 Provide your answer below.
Which contract type requires the buyer to precisely specify the product or services being procured? Time...
Which contract type requires the buyer to precisely specify the product or services being procured? Time and material Cost reimbursable Fixed Price Incentive fee
Explain the concept of inflation in your own terms. How have you been impacted by inflation...
Explain the concept of inflation in your own terms. How have you been impacted by inflation in your lifetime? What did you do to offset the rising costs?
Whenever the price level of goods and services increase, people are not happy. Is inflation always that bad? Provide you...
Whenever the price level of goods and services increase, people are not happy. Is inflation always that bad? Provide your view and justification to support your view.
Year Quantity Goods Quantity Services Price Goods Price Services 2010 2000 6200 2 1.5 2011 2200...
Year Quantity Goods Quantity Services Price Goods Price Services 2010 2000 6200 2 1.5 2011 2200 6400 2.11 1.65 2012 2500 6750 2.15 1.65 2013 2505 7100 2.3 1.9 2014 2700 7300 2.35 2 2015 3050 8000 2.5 2 2016 3100 8450 2.65 2.1 2017 3500 8650 2.7 2.15 Assume that consumers’ typical consumption basket of goods and services is exactly represented by the (relative) quantities of goods and services produced in 2015. a. Calculate the implied CPI in each...
Which of the following is not a cost posed by inflation? Inflation reduces the affordability of...
Which of the following is not a cost posed by inflation? Inflation reduces the affordability of goods and services to the average consumer. The money that consumers and firms hold loses its purchasing power. Firms must pay for changing prices on products and printing new catalogs. Banks can lose if they under predict inflation and charge an interest rate that does not completely compensate for inflation.
what microeconomic forces impacted the landing the most?
what microeconomic forces impacted the landing the most?
Imagine you are asked to help in the calculation of the cost of living and inflation in a particular country. (show the formulas) The basket of goods and services to estimate the CPl in this count...
Imagine you are asked to help in the calculation of the cost of living and inflation in a particular country. (show the formulas) The basket of goods and services to estimate the CPl in this country is composed by 7kg of pasta and 3lt of wine BASKET of GOODS Price of pasta (S/kg) Price of wine (S/it) 2018 2017 2016 1.5 6,3 0.9 5.9 1.2 5.5 a) Calculate the cost of the basket for each year (10%). b) Considering 2016...
Most goods and services produced at home a. and most goods and services produced illegally are included in GDP. b. are included in GDP while most goods and services produced illegally are excluded from GDP. bongo are excluded from GDP while most goods and services produced illegally are included in GDP d. and most goods and services produced illegally are excluded from GDP. ololololololololol
Calculate Inflation using the change in cost of a basket of goods and services Question Zimbabwe is going through hyperinflation. The table below shows what Zimbabwe residents spent on a basket of goods and services in three consecutive years. Use this information to calculate the inflation rate since the previous year for 2017. (Round your answer to two decimal places.) Inflation Rate Year. 2015 2016 2017 Total Expenditure $10,440 $35,860 $425,045 Provide your answer below.
Which of the following is not a cost posed by inflation? Inflation reduces the affordability of goods and services to the average consumer. The money that consumers and firms hold loses its purchasing power. Firms must pay for changing prices on products and printing new catalogs. Banks can lose if they under predict inflation and charge an interest rate that does not completely compensate for inflation.
Imagine you are asked to help in the calculation of the cost of living and inflation in a particular country. (show the formulas) The basket of goods and services to estimate the CPl in this country is composed by 7kg of pasta and 3lt of wine BASKET of GOODS Price of pasta (S/kg) Price of wine (S/it) 2018 2017 2016 1.5 6,3 0.9 5.9 1.2 5.5 a) Calculate the cost of the basket for each year (10%). b) Considering 2016...
Most questions answered within 3 hours.
-
McGlaun Company pays its employees every two weeks. The firm
last paid its employees on September...
asked 8 minutes ago -
You have been gifted a Mogwai as a pet and decide to do a little
online...
asked 13 minutes ago -
given the standard of 200 mg/dl and the absorbance of that
standard is 0.640. What is...
asked 16 minutes ago -
Exercise 8-51 Algo
An accounting professor is notorious for being stingy in giving
out good letter...
asked 24 minutes ago -
month
total distribution cost
level of activity (unit produced)
july
230.000
3500
august
250.000
3750
september...
asked 25 minutes ago -
A smoke detector system uses two devices, A and B. If smoke is
present, the probability...
asked 1 hour ago -
Your division head has assigned another important project to you
and your team. This project is...
asked 37 minutes ago -
Under normal use conditions, the Mean Time To Failure of a
heating coil can be modeled...
asked 1 hour ago -
Consider the probability that fewer than 34 out of 116 CDs will
be defective. Assume the...
asked 53 minutes ago -
4J Manufacturing Company uses a job order cost accounting system
and keeps perpetual inventory records. Prepare...
asked 42 minutes ago -
Please write code in C++
using recursive function
Write a program that computes the sequence of...
asked 40 minutes ago -
What is 345 as an unsigned decimal number? It is 34
with subscript of 5. Not...
asked 56 minutes ago