Assume the table below reflects the purchases of an average consumer in Bangladesh. (These consumers purchase only Internet service and smartphones.) Suppose 2018 is the base period. Using information from the table: 2018 Item Quantity Price Internet serv

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Assume the table below reflects the purchases of an average consumer in Bangladesh. (These consumers purchase only Internet service and smartphones.) Suppose 2018 is the base period. Using information from the table: 2018 Item Quantity Price Internet serv

Assume the table below reflects the purchases of an average consumer in Bangladesh. (These consumers purchase only Internet service and smartphones.) Suppose 2018 is the base period. Using information from the table: 2018 Item Quantity Price Internet service 20 15 Smartphones 30 40 2019 Internet service 30 20 Smartphones 50 50 a)What is the RPI in 2018? Put numerical values only with zero decimals and don't use any % symbols 100 b) What is the RPI in 2019? Put numerical values only with zero decimals and don't use any % symbols V c) What is the inflation rate between 2018 and 2019? Put numerical values only with zero decimals and don't use any % symbol

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Solution Consumer Price Index (CPI Defh, It is Hizmetatute percentage measure of the overall Costs of most common goods & ser (6 RPI in 2019 X 100 costs of fixedclems in 2019 Base year cost of fixed zlems 3100 X 100 1500 206.66 206 So RPI in 2019 is 2 a.RPI in 2018 is 100

b.RPI in 2019 is 206

c.Inflation rate between 2018 and 2019 is106

answered by: Bhargav Agravat

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Assume the table below reflects the purchases of an average consumer in Bangladesh. (These consumers purchase only Internet service and smartphones.) Suppose 2018 is the base period. Using information from the table: 2018 Item Quantity Price Internet serv

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Assume the table below reflects the purchases of an average consumer in Bangladesh. (These consumers purchase only Internet service and smartphones.) Suppose 2018 is the base period. Using information from the table: 2018 Item Quantity Price Internet serv

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Comprehensive Problem 10-77 (LO 10-1, LO 10-2, LO 10-3, LO 10-4, LO 10-5) [The following information...

Assume the table below reflects the purchases of an average consumer in Bangladesh. (These consumers purchase only Internet service and smartphones.) Suppose 2018 is the base period. Using information from the table: 2018 Item Quantity Price Internet serv

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Comprehensive Problem 10-77 (LO 10-1, LO 10-2, LO 10-3, LO 10-4, LO 10-5) [The following information...

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Assume the table below reflects the purchases of an average consumer in Bangladesh. (These consumers purchase only Internet service and smartphones.) Suppose 2018 is the base period. Using information from the table: 2018 Item Quantity Price Internet serv