Homework Answers
Q8. Option A
CPI for 2017 = sum product of market basket goods = (4*5+2*3+4*1) = $30
So, CPI of 2017 = (Market basket of 2017/Market basket of 2017)*100 = (30/30)*100
Q9. Option B
Market basket of 2018 using 2017 =
(4*5+2*3+4*1) = $30
Market basket of 2018 using 2018 = (4*8+2*4+4*1.25) = $45
CPI of 2018 = (45/30)*100 = 150
Q10. Option A
Inflation rate = (CPI of 2018-CPI of 2017)/CPI of 2017)*100 = ((150-100)/100)*100 = 50%
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Use the table below to answer 3 questions: Q uantity Item Movie tickets Bags of popcorn...
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Use Table 1 to answer Questions 19 through 24. Table 1 reflects
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Use the following table to answer questions 7 through 12 The table shows the peices and...
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could use help answering these three questions sity - EC201 Macroeconomics - Spring 20 - KWAK...
could use help answering these three questions
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Assume 6-month zero rate is 4.045%. Also use the following table to answer the questions below....
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#19 #20 #21 Use Me Jollowing information to answer the next several questions. Table 6.3 The...
#19 #20 #21
Use Me Jollowing information to answer the next several questions. Table 6.3 The following table lists the basket of goods in the Vegetarian Price Index (Assume 1993 is the base year.) Quantity 1993 Price 1994 Price 1995 Price Apples 10 $1.00 $1.50 $2.00 Cabbages 5 $2.00 $3.00 $2.50 Oranges 5 $2.00 $2.00 3.00 10 X 1.50 5 * 5.00 5 x 2.00 16) Using the information in Table 6.3, the Vegetarian Price Index for 1994 is: 16)...
Use Table 1 to answer Questions 19 through 24. Table 1 reflects
prices of goods and services in a fictional economy that only
produces two goods, kiwis and apricots.
We were unable to transcribe this image22. Suppose that the basket of goods used to calculate the CPI is fixed at 5 units of kiwis and 10 units of apricots. 2014 remains the base year. What was the value of the CPI in 2016? a. 50 b. 100 C. 150 d....
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could use help answering these three questions
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#19 #20 #21
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