Question

Suppose that the Producer Price Index and the sales of Hoskin’s Wholesale Distributors for 2006 and...

Suppose that the Producer Price Index and the sales of Hoskin’s Wholesale Distributors for 2006 and 2016 are:

Year Producer Price Index Sales
2006 160.5 $ 2,400,000
2016 109.7 3,500,000

  Click here for the Excel Data File

What are Hoskin's real sales (also called deflated sales) for the 2 years? (Round your answers to the nearest dollar values.)

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Homework Answers

Answer #1

Year

Ratio of Producer Price Index

Given Sales

Deflated Sales

2006

1.605

2400000

3852000

2016

1.097

3500000

3839500

Total Amount for 2006 & 2016

7691500

For our case

The Real sales is calculated as,

The ratio of producer price index X given sales = Real Sales (Deflated Sales)

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