Calculate inflation between 2014-2015 and 2015-2016 based on the following CPI data. YEAR CPI 2014 215.303...
Calculate inflation between 2014-2015 and 2015-2016 based on the following CPI data.
|
YEAR |
CPI |
|
2014 |
215.303 |
|
2015 |
214.537 |
|
2016 |
218.056 |
2014-2015: _____________________
2015-2016: _____________________
What do you call what happened between 2015 and 2016? ________________________
Calculate the unemployment for each of the years shown based on the following data:
|
YEAR |
Employed |
Labor Force |
|
2013 |
145,362,000 |
154,287,000 |
|
2014 |
139,877,000 |
154,142,000 |
|
2015 |
139,064,000 |
153,889,000 |
|
2016 |
139,869,000 |
153,617,000 |
2013: _______________
2014: _______________
2015: _______________
2016: _______________
Homework Answers
inflation between 2014-2015=214.537/215.303-1=-0.36%
inflation between 2015-2016=218.056/214.537-1=1.64%
What do you call what happened between 2015 and 2016=price levels increased.
Add Answer to:
Calculate inflation between 2014-2015 and 2015-2016 based on the
following CPI data.
YEAR
CPI
2014
215.303...
Year 2016 2015 2014 CPI 238 577 237.017 236.736 2013 23 957 2012 2011 229.594 224.939...
Year 2016 2015 2014 CPI 238 577 237.017 236.736 2013 23 957 2012 2011 229.594 224.939 218.056 2008 214.537 215.303 207.342 201.6 195.3 188.9 183.96 179.88 Please use the chart above for questions 4-10 4) Calculate the inflation rate from 2014 to 2015? A)-0.36% B) 9.76% C) 0.12% D) 19.3% 5) Calculate the inflation rate from 2002 to 2009 A)-0.36% B) 9.76% C) 0.12% D) 19.3% 6) Calculate the inflation rate from 2004 to 20072 A)-0.36% B) 9.76% C) 0.12%...
(a) What is the CPI in 2015, 2016, and 2017 if 2015 is the base year?...
(a) What is the CPI in 2015, 2016, and 2017 if 2015 is the
base year?
(b) What is the (CPI) inflation 2015-2016 and 2016-2017?
(c) How does CPI differ in 2015 and 2016 if 2016 is the base
year?
(d) What effect does this have on your calculation of (CPI)
inflation between 2015-
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Suppose you had the following information about the CPI in
nation ABC. CPI for each year from 2010-2015 was 85.5, 95.2, 100.0,
108.8, 115.3, and 121.1.
a. Calculate inflation from 2010-2011, 2011-2012, 2012-2013,
2013-2014, and 2014-2015. Calculate the rate of inflation to 3
decimal points. Show all work.
5. Suppose you had the following information about the CPI in nation ABC. CPI for each year from 2010-2015 was 85.5, 95.2, 100.0, 108.8, 115.3, and 121.1. a. Calculate inflation from 2010-2011,...
Using the data in the table below, calculate the CPI and the inflation rate in each...
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...
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
2.3 The CPI is a fixed-weight index. It compares the price of a fixed bundle of...
2.3 The CPI is a fixed-weight index. It compares the price of a fixed bundle of goods in one year with the price of the same bundle of goods in some base year. Calculate the price of a bundle containing 50 units of good X, 125 units of good Y, and 100 units of good Z in 2013, 2014, and 2015. Convert the results into an index by dividing each bundle price figure by the bundle price in 2013 and...
13. The accompanying table contains two price indexes for the years 2014, 2015, and 2016: the...
13. The accompanying table contains two price indexes for the years 2014, 2015, and 2016: the GDP deflator and the CPI. For each price index, calculate the inflation rate from 2014 to 2015 and from 2015 to 2016. (Note: The GDP deflator has a base year of 2007 and the CPI has a base year of 2002.) Year GDP deflator CPI 2014 113.1 125.2 2015 112.2 126.6 2016 112.9 128.4
GDP Inflation Deflator Rate YEAR CPI GDP %GDP | Real GDP | %RGDP (%CPI) |(2015-100) 2012...
GDP Inflation Deflator Rate YEAR CPI GDP %GDP | Real GDP | %RGDP (%CPI) |(2015-100) 2012 231.2 95.43 1619 2013 234.72 97.11 16785 2014 236.27 98.94 17522 2015 237.83 100.00 18219 2016 242.7 01.09 1870 2017 247.91 103.02 19485 1. Calculate the annual inflation rate using the CPI. 2. Calculate the annual GDP growth rate using the GDP. 3. Explain how the inflation rate and the GDP growth have been moved. 4. Calculate the real GDP using GDP deflator by...
Critical Thinking Skills Assignment: Quantitative & Empirical Inflation Rate Year 1972 CPI 42.5 46.2 Inflation Rate...
Critical Thinking Skills Assignment: Quantitative & Empirical Inflation Rate Year 1972 CPI 42.5 46.2 Inflation Rate Blank Blank 1973 1974 51.9 Year | CPI 2011 225.672 2012 229.601 2013 233.049 2014 234.812 2015 | 236.525 2016 241.432 1975 55.5 1976 1977 58.2 62.1 Part 1. 1. Calculate the inflation rate for 1973. That is, how much is the percentage increase in the CPI from 1972-73? Show how you calculated this percentage by giving the formula. Write your answer in the...
Table 7.5 Refer to Table 7.5. Suppose 2014 is the base year. The price index in...
Table 7.5 Refer to Table 7.5. Suppose 2014 is the base year. The price index in 2014 is? Refer to Table 7.5. If 2014 is the base year, the price index in 2013 is? If 2015 is the base year and the inflation rate between 2015 and 2016 is 6.4%, the price index in 2016 is? If 2015 is the base year and the inflation rate between 2015 and 2016 is -4.5, the price index in 2016 is? If the...
Year 2016 2015 2014 CPI 238 577 237.017 236.736 2013 23 957 2012 2011 229.594 224.939 218.056 2008 214.537 215.303 207.342 201.6 195.3 188.9 183.96 179.88 Please use the chart above for questions 4-10 4) Calculate the inflation rate from 2014 to 2015? A)-0.36% B) 9.76% C) 0.12% D) 19.3% 5) Calculate the inflation rate from 2002 to 2009 A)-0.36% B) 9.76% C) 0.12% D) 19.3% 6) Calculate the inflation rate from 2004 to 20072 A)-0.36% B) 9.76% C) 0.12%...
(a) What is the CPI in 2015, 2016, and 2017 if 2015 is the
base year?
(b) What is the (CPI) inflation 2015-2016 and 2016-2017?
(c) How does CPI differ in 2015 and 2016 if 2016 is the base
year?
(d) What effect does this have on your calculation of (CPI)
inflation between 2015-
3. Suppose you are told that a basket of goods to calculate a consumer price index contains the following items: 4 apples and 2 bottles of...
Suppose you had the following information about the CPI in
nation ABC. CPI for each year from 2010-2015 was 85.5, 95.2, 100.0,
108.8, 115.3, and 121.1.
a. Calculate inflation from 2010-2011, 2011-2012, 2012-2013,
2013-2014, and 2014-2015. Calculate the rate of inflation to 3
decimal points. Show all work.
5. Suppose you had the following information about the CPI in nation ABC. CPI for each year from 2010-2015 was 85.5, 95.2, 100.0, 108.8, 115.3, and 121.1. a. Calculate inflation from 2010-2011,...
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
2.3 The CPI is a fixed-weight index. It compares the price of a fixed bundle of goods in one year with the price of the same bundle of goods in some base year. Calculate the price of a bundle containing 50 units of good X, 125 units of good Y, and 100 units of good Z in 2013, 2014, and 2015. Convert the results into an index by dividing each bundle price figure by the bundle price in 2013 and...
13. The accompanying table contains two price indexes for the years 2014, 2015, and 2016: the GDP deflator and the CPI. For each price index, calculate the inflation rate from 2014 to 2015 and from 2015 to 2016. (Note: The GDP deflator has a base year of 2007 and the CPI has a base year of 2002.) Year GDP deflator CPI 2014 113.1 125.2 2015 112.2 126.6 2016 112.9 128.4
GDP Inflation Deflator Rate YEAR CPI GDP %GDP | Real GDP | %RGDP (%CPI) |(2015-100) 2012 231.2 95.43 1619 2013 234.72 97.11 16785 2014 236.27 98.94 17522 2015 237.83 100.00 18219 2016 242.7 01.09 1870 2017 247.91 103.02 19485 1. Calculate the annual inflation rate using the CPI. 2. Calculate the annual GDP growth rate using the GDP. 3. Explain how the inflation rate and the GDP growth have been moved. 4. Calculate the real GDP using GDP deflator by...
Critical Thinking Skills Assignment: Quantitative & Empirical Inflation Rate Year 1972 CPI 42.5 46.2 Inflation Rate Blank Blank 1973 1974 51.9 Year | CPI 2011 225.672 2012 229.601 2013 233.049 2014 234.812 2015 | 236.525 2016 241.432 1975 55.5 1976 1977 58.2 62.1 Part 1. 1. Calculate the inflation rate for 1973. That is, how much is the percentage increase in the CPI from 1972-73? Show how you calculated this percentage by giving the formula. Write your answer in the...
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