3 Award: 10 out of 11.00 points Using the data in the table below, calculate the...
Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2010 as a base year. Instructions: Round your answers to one decimal place. Year Cost of basket () 2010 2011 2012 2013 2014 2015 CPI Inflation rate 20,000 21,600 22,800 26,150 28,845 32,500
Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2010 as a base year. Instructions: Round your answers to one decimal place. CPI Inflation rate Year 2010 2011 2012 2013 cost of basket ($) 18,000 21,500 22,500 26,150 28,850 32,500 2014 2015
2010 Prices 2011 Prices 2012 Prices Milk $2 $3 $4 Cookies $2 $3 $2 CPI A. For a fixed basket of 5 glasses of milk and 10 cookies, and using the prices in the table, calculate the CPI in each year for this economy. 2010 is your base year. B. If the CPI in 2013 was 192 and the CPI in 2014 was 200, what would the inflation rate be? What would the inflation rate mean? C. If you earned $10/hour in 2010...
3. (12 points) Suppose there are only two goods in the economy, namely goods A and goods B. Using 2014 as base year and fix the basket as the quantity in 2014, calculate the CPI in 2015 and the inflation rate by CPI in 2015. Table 2: Prices and Quantities 2014 2015 A B Price Quantity Price $31 1000 $ 36 $ 102 200 $ 100 Quantity 1050 205
The table below shows six years of hypothetical CPI values for the United States. Using the information in the table, compute the annual inflation rate. Instructions: Round your answers to two decimal places. CPI Values and Inflation Inflation Rate (percent) СРІ Year 2009 2010 1.64 % 2011 208.04 214.07 221.90 228.10 233.69 246.69 2012 2013 2014
Using the data in the table below, calculate the CPI and the inflation rate in each year using 2005 as the base year. Instructions: Round your answers to one decimal place. Year Price of basket ($) CPI Inflation rate 2005 20,000 — 2006 21,500 2007 22,800 2008 26,150 2009 28,825 2010 32,700
3. (12 points) Suppose there are only two goods in the economy, namely goods A and goods B. Using 2014 as base year and fix the basket as the quantity in 2014, calculate the CPI in 2015 and the inflation rate by CPI in 2015. Table 2: Prices and Quantities 2014 2015 A B Price Quantity Price $31 1000 $ 36 $ 102 200 $ 100 Quantity 1050 205
The table below shows the GDP deflator and the CPI over five recent years. By what percent did prices change between years for each measure? Calculate the annual inflation rate and then the inflation rate across the entire time period. Instructions: Enter your answers as percentages rounded to two decimal places. Change in GDP deflator Year 2012 2013 Change in CPI GDP deflator 100 105 CPI 100 104 2014 112 2015 123 110 113 120 2016 127 2012-2016
The table below shows the price of the basket of goods and services for each of the following years: 2013 2014 2015 $85 per basket $97 per basket $102 per basket Using 2013 as the base year, calculate the consumer price index for each year Calculate the inflation rate from one year to the next. 2.
7) Using the CPI data from above, calculate the Inflation Rate for the year 2011, using the data for 2010 and 2011 where P CPI: Inflation Rate = -1 Year Nominal GDP GDP chain index (2012 = 100) Population CPI (1982- 84 1000 211445 2007 1465 billion 2008 15145595 hillon 2009 5 14,623 billion 2010 S1140 billion 2011 S 15.796.5 Billion 20129 Non 2013 S ON. I on 2014 IS19 Non 2015 ISO on 2016 S hillon 2017 19 ORO...