ZuoTi.Pro
Question

Suppose the consumer price index (CPI) for 2000 is 130. This means the average prices of...

Suppose the consumer price index (CPI) for 2000 is 130. This means the average prices of goods and services are: Select one: a. 130 percent more in the base year than in 1995. b. currently $30, because $130 - $100 = $30. c. 30 percent more in 2000 than in the base year. d. 130 percent more in 2000 than in the base year.

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)

All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
Suppose the consumer price index (CPI) for 2000 is 130. This means the average prices of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Similar Homework Help Questions

  • ASSIGNMENT #5 9. One way the consumer price index (CPI) differs from the GDP chain price...

    ASSIGNMENT #5 9. One way the consumer price index (CPI) differs from the GDP chain price index is that the CPI: uses current year quantities of goods and services b. a. includes separate market baskets of goods and services for both base and current years. includes only goods and services bought by typical urban consumers. d. C. is bias free. 10. Suppose a market basket of goods and services costs $1,000 in the base year and the consumer price index...

  • Suppose that in 2016, the CPI for energy rose from 183.4 to 193.3 while the CPI...

    Suppose that in 2016, the CPI for energy rose from 183.4 to 193.3 while the CPI for all items rose from 236.5 to 241.4. As a result the inflation rate for energy is lower than the overall inflation rate in 2016. Select one: True False For any given year, the CPI is the price of the basket of goods and services in the given year divided by the price of the basket in the base year, then multiplied by 100....

  • A Consumer Price Index of 120 for a certain year means that the average price of...

    A Consumer Price Index of 120 for a certain year means that the average price of consumer items in that year was Multiple Choice O 20% higher than the average price in the base period 1982-84. about $120 per basket of consumer goods and services. 000 120% higher than the average price in the base period 1982-84. 20% higher than the average price of the preceding year.

  • 2. Consumer Price Index and Real Price Index: Over a four-year period, the prices of mangoes...

    2. Consumer Price Index and Real Price Index: Over a four-year period, the prices of mangoes PM (in dollars) and the Consumer Price Index (CPI) are given below: Year CPI Price of Mangoes (PM) 1991 : cpi=94 , p=14 ; 1992: cpi=100 , p=15 ; 1993: cpi= 105 , p=16 ; 1994: cpi= 115 , p=17 2.1.Which year is the base year for CPI? Use this same base year for mangoes. 2.2.Calculate the nominal price index for mangoes. 2.3.Calculate the...

  • 3. The Consumer Price Index (CPI) represents the average price of goods that households consume. Many...

    3. The Consumer Price Index (CPI) represents the average price of goods that households consume. Many thousands of goods are included in such an index. Here consumers are repre- sented as buying only food (pizza) and gas as their basket of goods. Below is a representation of the kind of data the Bureau of Economic Analysis (BEA) collects to construct a consumer price index. In the base year, 2008, both the prices of goods purchased and the quantity of goods...

  • 4. Suppose that 1982 is the base year for the Consumer Price Index (CPI) and in 2019 the CPI is 270. What does this...

    4. Suppose that 1982 is the base year for the Consumer Price Index (CPI) and in 2019 the CPI is 270. What does this "270" mean? A. What cost $100 in 1982 on average cost 270 times as much in 2019 B. What cost $100 in 1982 on average cost $270 in 2019. C. What cost $100 in 1982 on average cost 0.27 times as much in 2019 D. What cost $100 in 1982 on average cost $27 more in...

  • of 4 8. The table below shows the Consumer Price Index (CPI) for Zimbabwe and Russia....

    of 4 8. The table below shows the Consumer Price Index (CPI) for Zimbabwe and Russia. After reading through some magazines, you find that the base year in Zimbabwe is 1994 and in Russia it is 1995 Zimbabwe Russia CPI CPI 34 1994 2002 1994 1995 2002 6912 670 Hint: to fal in the Hank spaces in the table, what is the CPI in the base year?) Show your work in the space below: Compute the inflation rate (percent change...

  • The Consumer Price Index is not considered a complete “cost of living” index. The CPI does...

    The Consumer Price Index is not considered a complete “cost of living” index. The CPI does NOT include which of the following items (there may be more than one correct answer): A. Sales taxes B. Imported goods C. Cost of housing D. Stock market prices E. Cost of business machinery F. Personal income taxes

  • Use the information in the table to calculate a consumer price index (CPI) and the inflation...

    Use the information in the table to calculate a consumer price index (CPI) and the inflation rate. The base year is 1975. Round answers to two decimal places. Market basket Quantity 1975 prices 1976 prices A dozen eggs 29 $1.10 $1.70 Calculator 19 $15.00 $17.00 Microwave oven 9 $180.00 $230.00 What is the CPI for 1975? What is the CPI for 1976? What is the inflation rate for 1976? Use the information in the table to calculate a consumer price...

  • Python 4. while loops/String Manipulation Review (50%) The consumer price index (CPI) indicates the average price...

    Python 4. while loops/String Manipulation Review (50%) The consumer price index (CPI) indicates the average price of a fixed basket of goods and services. It is customarily taken as a measure of inflation and is frequently used to adjust pensions. The CPI was 9.9 in July 1913 and 238.25 in July 2014. This means that $9.90 in July 1913 had the same purchasing power as $238.25 in July 2014 Assuming that the CPI will rise at 2.5% per year in...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT