Consider the following price indexes: 90 in 2005, 100 in 2006, 110 in 2007, 121 in...
Consider the following price indexes: 90 in 2005, 100 in 2006, 110 in 2007, 121 in 2008, and 150 in 2009. Answer the following questions. (2 points)
- What is the base year?
- What is the inflation rate from 2006 and 2007?
- What is the inflation rate from 2007 and 2008?
- If the cost of a market basket in 2006 is $2000, what is the cost of the same basket of goods and services in 2005? In 2009?
Homework Answers
a) Since base year has 100 price index, so the base year is 2006
b) Inflation rate from 2006 and 2007 is
Price index in 2007- Price Index in 2006 * 100/ Price index in 2006
([110-100]/100 )* 100
=(10/100 )* 100
10 %
C)Inflation rate from 2007 and 2008
([121 - 110]/110 )* 100
=10%
d) Cost in 2005 is 1800 and cost in 2009 is 3000
Add Answer to:
Consider the following price indexes: 90 in 2005, 100 in 2006,
110 in 2007, 121 in...
the base year is 2007 Year 2005 I 2006 Hot Dogs Price Quantity $2.00 T 100...
the
base year is 2007
Year 2005 I 2006 Hot Dogs Price Quantity $2.00 T 100 4.00 T 100 6.00 100 8.00 150 10.00 T 200 I T Baseballs Price Quantity $5.00 T 50 5.00 I 100 5.00 100 8.00 200 10.00 I 200 Bottles of Beer Price Quantity $2.00 100 2.00 150 2.00 200 4.00 200 4.00 I 250 2007 2008 | 2009 | I T The Consumer Price Index for the year 2007 is Multiple Choice Ο Ο...
-Date Name 4) 2006 $4.00 100 $2.00 180 2007 $5.00 120 $2.50 200 2008 $6.00 150 $3.50 200 (a) Compute the growth rate...
-Date Name 4) 2006 $4.00 100 $2.00 180 2007 $5.00 120 $2.50 200 2008 $6.00 150 $3.50 200 (a) Compute the growth rate of real GDP of Year 2007 Compute the inflation rate of Year 2008, using GDP deflator as a measure of general price (b) level. (c) Suppose that the CPl is calculated using a market basket consisting of 150 Sandwiches and 200 magazines. Compute the inflation rate of Year 20017 using CPl as a measure of general price...
Suppose that the price level in Canada was 100 in 2007, 105 in 2008, 110 in...
Suppose that the price level in Canada was 100 in 2007, 105 in 2008, 110 in 2009, and 115 in 2010. Over this time period, a) the inflation rate was positive b) the inflation rate increased c) the inflation rate decreased d) hyper inflation occurred e) both a and c are correct
Use the following table to answer the next question. The base year is 2007 3 Hot...
Use the following table to answer the next question. The base year is 2007 3 Hot Dogs Year Price Quantity 2005 $2.50 100 2006 4.00 100 2007 5.00 100 2008 8.00 150 2009 110.00 200 — Baseballs Bottles of Beer Price Quantity Price Quantity $2.50 50 $1.00 100 5. 00 100 2.00 150 5.00 100 2.00 200 8.00 200 г 4.00 — 200 10.00 1200 14.00 250 Compared to the base year, the rate of inflation for the year 2007...
Coca-Cola Revenues ($ millions), 2005-2010 Quarter 2005 2006 2007 2008 Qtri 5,196 5,109 6,065 7,360 Qtr2...
Coca-Cola Revenues ($ millions), 2005-2010 Quarter 2005 2006 2007 2008 Qtri 5,196 5,109 6,065 7,360 Qtr2 6,300 6,455 7,695 9,035 Qtr3 6,027 6,402 7,652 8,299 Otr4 5,541 5,895 7,293 7,015 2009 2010 7,130 7,700 8,212 8,655 8,015 8,407 7,468 10,475 Click here for the Excel Data File (2-1) Use MegaStat or Minitab to deseasonalize Coca-Cola's quarterly data. (Round your answers to 3 decimal places.) 2 3 2005 2006 2007 2008 2009 2010 mean (a-2) State the adjusted four quarterly indexes....
se the following table to answer the next question. The base year is 2007. Year Hot...
se the following table to answer the next question. The base year is 2007. Year Hot Dogs Price Quantity Baseballs Price Quantity Bottles of Beer Price Quantity 2005 $ 2.50 100 $ 2.50 50 $1.00 100 2006 4.00 100 5.00 100 2.00 150 2007 5.00 100 5.00 100 2.00 200 2008 8.00 150 8.00 200 4.00 200 2009 10.00 200 10.00 200 4.00 250 The Consumer Price Index for the year 2005 is
Question 10, 11 and 12 Consider the following year-end prices of a hypothetical market index: Year...
Question 10, 11 and 12 Consider the following year-end prices of a hypothetical market index: Year Price 2004 100 2005 110 2006 104.5 2007 106.59 2008 106.59 2009 110.85 2010 108.63 We were unable to transcribe this image
Pro Forma Income Statement for Ideko, 2005-2010 2009 Year 2005 2006 2007 2008 2010 Income Statement...
Pro Forma Income Statement for Ideko, 2005-2010 2009 Year 2005 2006 2007 2008 2010 Income Statement (000) 1 Sales 75,000 119,777 138,149 158,526 103,234 88,358 2 Cost of Goods Sold (16,000) (18,665) (21,593) (18,000) (21,622) (25,757) (24,808) (28,333) (32,193) (30,471) (35,834) (41,925) 84.407 3 Raw Materials 4 Direct Labor Costs 41,000 48,071 55,883 64,498 73.982 5 Gross Profit 6 Sales and Marketing 7 Administrative (11,250) (14,579) (13,500) (13,254) 16.250 20,238 (18,582) (31,705) (20,608) (23,356) (27,630) (16,769) (17,959) 24,373 28,393 (15.485)...
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...
2005 2006 2007 2008 2009 2010 6,5es 7,205 7.30 8,333 8.263 9,368 7,697 8,599 9,607 10,945 10.592 ...
2005 2006 2007 2008 2009 2010 6,5es 7,205 7.30 8,333 8.263 9,368 7,697 8,599 9,607 10,945 10.592 14.,801 Ctr3 8.184 8,950 10,171 11,244 11,080 15,514 Ctr4 10,096 10,383 12,346 2,729 13297 18,155 Click here for the Excel Data Fie (a-1) Use Megastat or MINTAB to deseasonalize Pepsico's quarterly data (Round your answers to 3 decimal places.) (a-2) State the adjusted four quarterly indexes. (Round your answers to 3 decimal places.) Q3 04 (a-3) what is the trend model for the...
the
base year is 2007
Year 2005 I 2006 Hot Dogs Price Quantity $2.00 T 100 4.00 T 100 6.00 100 8.00 150 10.00 T 200 I T Baseballs Price Quantity $5.00 T 50 5.00 I 100 5.00 100 8.00 200 10.00 I 200 Bottles of Beer Price Quantity $2.00 100 2.00 150 2.00 200 4.00 200 4.00 I 250 2007 2008 | 2009 | I T The Consumer Price Index for the year 2007 is Multiple Choice Ο Ο...
-Date Name 4) 2006 $4.00 100 $2.00 180 2007 $5.00 120 $2.50 200 2008 $6.00 150 $3.50 200 (a) Compute the growth rate of real GDP of Year 2007 Compute the inflation rate of Year 2008, using GDP deflator as a measure of general price (b) level. (c) Suppose that the CPl is calculated using a market basket consisting of 150 Sandwiches and 200 magazines. Compute the inflation rate of Year 20017 using CPl as a measure of general price...
Suppose that the price level in Canada was 100 in 2007, 105 in 2008, 110 in 2009, and 115 in 2010. Over this time period, a) the inflation rate was positive b) the inflation rate increased c) the inflation rate decreased d) hyper inflation occurred e) both a and c are correct
Use the following table to answer the next question. The base year is 2007 3 Hot Dogs Year Price Quantity 2005 $2.50 100 2006 4.00 100 2007 5.00 100 2008 8.00 150 2009 110.00 200 — Baseballs Bottles of Beer Price Quantity Price Quantity $2.50 50 $1.00 100 5. 00 100 2.00 150 5.00 100 2.00 200 8.00 200 г 4.00 — 200 10.00 1200 14.00 250 Compared to the base year, the rate of inflation for the year 2007...
Coca-Cola Revenues ($ millions), 2005-2010 Quarter 2005 2006 2007 2008 Qtri 5,196 5,109 6,065 7,360 Qtr2 6,300 6,455 7,695 9,035 Qtr3 6,027 6,402 7,652 8,299 Otr4 5,541 5,895 7,293 7,015 2009 2010 7,130 7,700 8,212 8,655 8,015 8,407 7,468 10,475 Click here for the Excel Data File (2-1) Use MegaStat or Minitab to deseasonalize Coca-Cola's quarterly data. (Round your answers to 3 decimal places.) 2 3 2005 2006 2007 2008 2009 2010 mean (a-2) State the adjusted four quarterly indexes....
Question 10, 11 and 12 Consider the following year-end prices of a hypothetical market index: Year Price 2004 100 2005 110 2006 104.5 2007 106.59 2008 106.59 2009 110.85 2010 108.63 We were unable to transcribe this image
Pro Forma Income Statement for Ideko, 2005-2010 2009 Year 2005 2006 2007 2008 2010 Income Statement (000) 1 Sales 75,000 119,777 138,149 158,526 103,234 88,358 2 Cost of Goods Sold (16,000) (18,665) (21,593) (18,000) (21,622) (25,757) (24,808) (28,333) (32,193) (30,471) (35,834) (41,925) 84.407 3 Raw Materials 4 Direct Labor Costs 41,000 48,071 55,883 64,498 73.982 5 Gross Profit 6 Sales and Marketing 7 Administrative (11,250) (14,579) (13,500) (13,254) 16.250 20,238 (18,582) (31,705) (20,608) (23,356) (27,630) (16,769) (17,959) 24,373 28,393 (15.485)...
2005 2006 2007 2008 2009 2010 6,5es 7,205 7.30 8,333 8.263 9,368 7,697 8,599 9,607 10,945 10.592 14.,801 Ctr3 8.184 8,950 10,171 11,244 11,080 15,514 Ctr4 10,096 10,383 12,346 2,729 13297 18,155 Click here for the Excel Data Fie (a-1) Use Megastat or MINTAB to deseasonalize Pepsico's quarterly data (Round your answers to 3 decimal places.) (a-2) State the adjusted four quarterly indexes. (Round your answers to 3 decimal places.) Q3 04 (a-3) what is the trend model for the...
Most questions answered within 3 hours.
-
Which of the following best describes tidal volume? options:
1.The amount of oxygen in the air...
asked 11 minutes ago -
1. Smaller cost distortions occur when the traditional systems'
single indirect-cost rate and the activity-cost-driver rates:...
asked 19 minutes ago -
Using either a FMECA approach or some other appropriate RCA
tool, identify five risk treatment actions...
asked 19 minutes ago -
If for a test the P-value is between 0.0025 and 0.005, what
conclusion can you draw?...
asked 31 minutes ago -
Using Python. Write a function clean2(aList) that takes a list
of integers aList as argument, and...
asked 37 minutes ago -
Intrapreneurship is defined as the
development of an enterprise culture with an existing (Nandan,
2009). An...
asked 51 minutes ago -
QUESTION 1 Tamiflu is a drug used to treat influenza. A study
found that Tamiflu reduced...
asked 55 minutes ago -
Which of the following would be less likely to be used to
allocate factory overhead when...
asked 1 hour ago -
Transverse pulses travel with a speed of 195 m/s along a taut
copper wire whose diameter...
asked 59 minutes ago -
Sampling for Engineers Homework question 11.51
Suppose that Y1;Y2;Y3;Y4 denote a random sample from a
Poisson(θ)...
asked 1 hour ago -
Which of the following is cleaved by regulated intramembrane
proteolysis (RIP)? Select any/all answers that apply....
asked 1 hour ago -
Random characters You decide to create a program characters.py
that fills a two-dimensional list with random...
asked 1 hour ago