1. Lola in November of 1969 had an allowance of P 1.0, how much is her allowance in today's money if the CPI then is 1.5 and the current CPI is 120.8. 2. If Lola is supposed to have the same amount of allowance as her grandchild today which is P 100, how much is Lola's allowance? 3. What is the inflation rate on the dates in question? 4. What is the purchasing power of the peso on the dates in question. '69 Nov, today With 2006 as CPI base year where CPI = 100: Determine the inflation rates for the following years given their respective CPl's 6. 2013 = 134. 7. 2014 = 139.5. 8. 2015 = 141.5 9. What is the purchasing power of the aforementioned years 12. If on 2013 you were paid a hefty sum of P 16,750.00 per month, how much is your salary adjusted for inflation on the succeeding years and the CPI base year of 2006 2014 2015 2004 Price Index • Consumer Price Index • Measured in the Philippines with the Commodity and Outlet Survey (COS) • CPI = (Total Expenditure in Current Prices / Total Expenditure in Base Year Prices) x 100 • Inflation: Percentage changes in CPI • ((CPI, - CPI,V(CPI,) x 100 Purchasing Power of the Peso (PPP) • (1/CPI) X 100 Real Income • (Nominal Income/CPI) X 100 Deflator (comparing income) • Current Value (Value Before x (CPlrrent Value / CPlastrv)
1. Lola in November of 1969 had an allowance of P 1.0, how much is her allowance in today's money if the CPI then is 1.5 and the current CPI is 120.8. 2. If Lola is supposed to have the same amount of allowance as her grandchild today which is P 100, how much is Lola's allowance? 3. What is the inflation rate on the dates in question? 4. What is the purchasing power of the peso on the dates in question. '69 Nov, today With 2006 as CPI base year where CPI = 100: Determine the inflation rates for the following years given their respective CPl's 6. 2013 = 134. 7. 2014 = 139.5. 8. 2015 = 141.5 9. What is the purchasing power of the aforementioned years 12. If on 2013 you were paid a hefty sum of P 16,750.00 per month, how much is your salary adjusted for inflation on the succeeding years and the CPI base year of 2006 2014 2015 2004 Price Index • Consumer Price Index • Measured in the Philippines with the Commodity and Outlet Survey (COS) • CPI = (Total Expenditure in Current Prices / Total Expenditure in Base Year Prices) x 100 • Inflation: Percentage changes in CPI • ((CPI, - CPI,V(CPI,) x 100 Purchasing Power of the Peso (PPP) • (1/CPI) X 100 Real Income • (Nominal Income/CPI) X 100 Deflator (comparing income) • Current Value (Value Before x (CPlrrent Value / CPlastrv)
Chapter1: Making Economics Decisions
Section: Chapter Questions
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![7:35 l *
O @ 117
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1. Lola in November of 1969 had an allowance of P 1.0, how much is her allowance
in today's money if the CPI then is 1.5 and the current CPI is 120.8
2. If Lola is supposed to have the same amount of allowance as her grandchild today
which is P 100, how much is Lola's allowance?
3. What is the inflation rate on the dates in question?
4. What is the purchasing power of the peso on the dates in question. '69 Nov
today
With 2006 as CPI base year where CPI = 100: Determine the inflation rates for the
following years given their respective CPI's
6. 2013 = 134
7. 2014 = 139.5
8. 2015 = 141.5
9. What is the purchasing power of the aforementioned years
12. If on 2013 you were paid a hefty sum of P 16,750.00 per month, how much is
your salary adjusted for inflation on the succeeding years and the CPI base year of
2006
2014
2015
2004
Price Index
• Consumer Price Index
• Measured in the Philippines with the Commodity and Outlet Survey (cOS)
• CPI Base Year: Philippines is 2012, 2012 CPI = 100
• CPI = (Total Expenditure in Current Prices / Total Expenditure in Base Year Prices) x 100
• Inflation: Percentage changes in CPI
• ((CPI, - CPI, V(CPI,) x 100
• Purchasing Power of the Peso (PPP)
• (1/CPI) X 100
Real Income
• (Nominal Income / CPI) X 100
Deflator (comparing income)
• Current Value - (Value Before x (CPlcurrent Valu/ CPlaetorevalue)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F92c6b839-f2fc-4133-8237-546e03f6693f%2Fca8c5470-b6e4-4265-a522-1438652d40eb%2Fmii5wj7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7:35 l *
O @ 117
+ [Template] Se..
1/2
1. Lola in November of 1969 had an allowance of P 1.0, how much is her allowance
in today's money if the CPI then is 1.5 and the current CPI is 120.8
2. If Lola is supposed to have the same amount of allowance as her grandchild today
which is P 100, how much is Lola's allowance?
3. What is the inflation rate on the dates in question?
4. What is the purchasing power of the peso on the dates in question. '69 Nov
today
With 2006 as CPI base year where CPI = 100: Determine the inflation rates for the
following years given their respective CPI's
6. 2013 = 134
7. 2014 = 139.5
8. 2015 = 141.5
9. What is the purchasing power of the aforementioned years
12. If on 2013 you were paid a hefty sum of P 16,750.00 per month, how much is
your salary adjusted for inflation on the succeeding years and the CPI base year of
2006
2014
2015
2004
Price Index
• Consumer Price Index
• Measured in the Philippines with the Commodity and Outlet Survey (cOS)
• CPI Base Year: Philippines is 2012, 2012 CPI = 100
• CPI = (Total Expenditure in Current Prices / Total Expenditure in Base Year Prices) x 100
• Inflation: Percentage changes in CPI
• ((CPI, - CPI, V(CPI,) x 100
• Purchasing Power of the Peso (PPP)
• (1/CPI) X 100
Real Income
• (Nominal Income / CPI) X 100
Deflator (comparing income)
• Current Value - (Value Before x (CPlcurrent Valu/ CPlaetorevalue)
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