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The USA has an aggregate disposable income of $5.2 trillion and $3.3 trillion in retail sales...

The USA has an aggregate disposable income of $5.2 trillion and $3.3 trillion in retail sales and a population of 330 million. Small City has an aggregate disposable income of $1.5 billion and $750 million in retail sales and a population of 50 thousand. Mid City has an aggregate disposable income of $5 billion and $2.5 billion in retail sales and a population of 250 thousand. Big City has an aggregate disposable income of $10 billion and $8 billion in retail sales and a population of 600 thousand. What is the BPI for Big City?

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Answer #1

BPI stands for buying power index. It is a metric used to measue the buying power of a region.

The formula is  Buying Power Index = 0.5 (market's percentage of U.S. effective buying income) + 0.3 ( market's percentage of U.S. retail sales) + 0.2 (the market's percentage of U.S. population).

For Big city, it will be 0.5*(10B/5.2T)+0.3*(8B/3.3T)+0.2*(600,000/330M)

=0.5*(0.01/5.2)+0.3*(0.008/3.3)+0.2*(0.6/330)

=0.00205244755(Ans)

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