Question
Suppose that the 2017 CPI is 93.6 while the 2018 CPI is 100. If the 2019...
Suppose that the 2017 CPI is 93.6 while the 2018 CPI is 100. If the 2019 CPI is 106.7, determine which year is used as the base year in the data collection.
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
The US CPI in September 2018 was 252.4; in September 2017 the CPI was 246.8: What...
The US CPI in September 2018 was 252.4; in September 2017 the
CPI was 246.8: What was the annual rate of inflation measured from
September 2017-2018 At this rate of inflation, approximately how
long will it take for the price level to double? ( rule of 70:
70/inflation rate: tells how many years it will take to double)
Suppose Janice's nominal income rose by 4% from December 2008 to
December 2009 while Jeff's increased by only 2%. By what percentage...
The typical household buys these basket goods Quantities 2017 2018 2019 Toothpaste 10 2.99 2.85 3.15...
The typical household buys these basket goods
Quantities
2017
2018
2019
Toothpaste
10
2.99
2.85
3.15
Shampoo
5
5.99
5.96
6.99
Soap
15
3.15
3.00
3.50
Price of the basket
CPI
Fill in the missing value using 2018 as the base year
Calculate the inflation rate from 2017 to 2018
Calculate the inflation rate from 2018 to 2019
2018 Price 2018 Quantity 2019 Price 2019 Quantity Laptops $500 4 $600 2 Printers $100 3...
2018 Price
2018 Quantity
2019 Price
2019 Quantity
Laptops
$500
4
$600
2
Printers
$100
3
$120
2
The table above shows a country's output level for two goods in
2018 and 2019, as well as the market price of those goods in each
year. Assume that this country only produces laptops and printers,
and that both are final goods. Note that this information is used
for questions 4-9.
What is the country's nominal GDP in 2018?
What is the...
Given (CPI): Good 2017 2018 Q. Beer 50 45 Q. Snacks 100 150 P. Beer $1.25...
Given (CPI):
Good
2017
2018
Q. Beer
50
45
Q. Snacks
100
150
P. Beer
$1.25
$2.00
P. Snacks
$1.10
$1.20
8) Given (CPI):
What is the inflation rate using the Paasche price index between
2017 and
2018?
8) _______
A)
27.5%
B) 22.0%
C)
24.8%
D) none of the above.
9) Given (CPI):
What is the inflation rate using the Fisher's mean between 2017
and
2018?
9) _______
A)
22.0%
B) 27.5%
C)
24.8%
D) none of the above.
Show work! 4) Given (CPI): Good 2017 2018 Q. Beer 50 45 Q. Snacks 100 150...
Show work!
4) Given (CPI):
Good
2017
2018
Q. Beer
50
45
Q. Snacks
100
150
P. Beer
$1.25
$2.00
P. Snacks
$1.10
$1.20
What is the nominal total expenditures for 2017 and 2018
respectively? 4) _______
A) $172.5, $270 B) 172.5, $220.0
C) $374.5,
$756.3
D) none of the above.
5) Given (CPI):
Using the Laspeyres price index, what are total expenditures for
2017? 5) _______
A)
$172.5
B) $220.0
C) none of the above. D)
$270.0
6) Given...
2. Suppose that a hypothetical “consumer market basket” consists only of goods B and C, in the...
2. Suppose that a hypothetical “consumer
market basket” consists only
of goods B and C, in the quantities: B = 10
and C = 5.
Use 2018 as a base year (i.e., 2018 = 100).
Year
2017 Year
2018 Year 2019
Quantity of Good
A 3 4 5
Price of Good
A $9 $10 $11
Quantity of Good
B 10 10 10
Price of Good
B $2 $4 $6
Quantity of Good
C 2 4 6
Price of Good
C $5 $6 $7
a. What is the total money value spent on the
consumer market basket in 2018 and 2019?
b. Calculate the CPI...
2. Suppose that a hypothetical “consumer market basket” consists only of goods B and C, in the...
2. Suppose that a hypothetical “consumer
market basket” consists only
of goods B and C, in the quantities: B = 10
and C = 5.
Use 2018 as a base year (i.e., 2018 = 100).
Year
2017 Year
2018 Year 2019
Quantity of Good
A 3 4 5
Price of Good
A $9 $10 $11
Quantity of Good
B 10 10 10
Price of Good
B $2 $4 $6
Quantity of Good
C 2 4 6
Price of Good
C $5 $6 $7
e. If an individual’s nominal income rises 50% from
2018 to 2019, what is the growth rate of their real...
3. Base year 2017 Housing $13,930 $20,705 Food $9,552 $9,895 Other $17,164 $22,220 a. Above is...
3. Base year 2017 Housing $13,930 $20,705 Food $9,552 $9,895
Other $17,164 $22,220 a. Above is the CPI spending of certain
country in the base year and in 2017. Use this data to calculate
the CPI in 2017. b. Suppose john earned $26,000 in the base year
and he earned $37,500 in 2017? Have his real wages increased ,
decreased or stayed the same? c. If the CPI in 2018 is 142, what is
the rate of inflation I'm 2018?...
a. Give a definition of the CPI and discuss how it is computed (4 marks) Suppose...
a. Give a definition of the CPI and discuss how it is computed
Suppose an economy has only three goods and the typical family
purchases the amounts given in the following table. The base year
is 2012.
Product
Quantity (2012)
Price (2012)
Price
(2017)
Hair cuts
6
$50
$80
Backpacks
4
$25
$30
Tacos
100
$1.00
$5.00
b. Compute the cost of consumption basket in 2012 and 2017 using
base year quantities.
c. What is the CPI for in 2017?...
2019 2018 2017 2016 2015 Sales $ 442,210 $ 285,297 $ 222,021 $ 153,648 $ 116,400...
2019
2018
2017
2016
2015
Sales
$
442,210
$
285,297
$
222,021
$
153,648
$
116,400
Cost of goods sold
223,505
144,349
114,161
78,174
58,200
Accounts receivable
21,359
16,718
15,231
8,942
7,950
Compute trend percents for the above accounts, using 2015 as the
base year.
Trend Percent for Net Sales:
Choose Numerator:
/
Choose Denominator:
/
=
Trend percent
2019:
/
=
%
2018:
/
=
%
2017:
/
=
%
2016:
/
=
%
Trend Percent for Cost of...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 7 minutes ago
asked 29 minutes ago
asked 44 minutes ago
asked 57 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 2 hours ago
asked 2 hours ago