A 2021.tle.courses.open.uwi.edu/mod/quiz/review.php?attempt=D27299&cmid3D1726Microsoft Office Ho...UWI Open Campus...Financial Accouting...Webpages APA 7t.myOC Education Policy Pa...The Learning Exchange 2021English (en)estion 420102011Item|ВooksPensorrectQuantityPriceQuantityPricek 0.00 out of10$308.$5020$115$2lag questionIn 2010, consumers in Dexter consumed only books and pens. The prices and quantities for 2010and 2011 are listed in the table above. The reference base period for Dexter's CPI is 2010. What isthe inflation rate in 2011?Select one:a.31%O b. 0c.2%d. 69%The correct answer is: 69%

The consumer price index measures the overall cost of the goods and services bought by a typical…

2010 2011 Item Books Pens Quantity Price Quantity Price of 10 $30 8 $50 20 $1 15 $2 on In 2010, consumers in Dexter consumed only books and pens. The prices and quantities for 2010 and 2011 are listed in the table above. The reference base period for Dexter's CPI is 2010. What is the inflation rate in 2011? Select one: O a. 31% O b. 0 O c. 2% O d. 69% The correct answer is: 69%

2010 2011 Item Books Pens Quantity Price Quantity Price of 10 $30 8 $50 20 $1 15 $2 on In 2010, consumers in Dexter consumed only books and pens. The prices and quantities for 2010 and 2011 are listed in the table above. The reference base period for Dexter's CPI is 2010. What is the inflation rate in 2011? Select one: O a. 31% O b. 0 O c. 2% O d. 69% The correct answer is: 69%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 2 The GDP deflator in year 4 is 120 and the GDP deflator in year 5 is 130. The rate of inflation between years 4 and 5 is O -10%. O 7.7%. O 8.33%. O 10%.
The CPI inflation rate from 1982 to 2002 is ________ and from 2002 to 2022 is ________. The difference in the rates of inflation is ________. A. 46.9 percent; 33.7 percent; -13.2 percentage points B. 46.9 percent; 33.7 percent; -28.1 percentage points C. 88.4 percent; 50.9 percent; -42.4 percentage points D. 88.4 percent; 50.9 percent; -37.5 percentage point
ning Time: 09 minutes, 39 seconds. tion Completion Status: O E. frictional, cyclical, and structural unemployment. QUESTION 6 Suppose an individual earned a salary of $12,000 in 1970. If the CPI was 38.8 in 1970 and 258.8 in 2020, then the value of this individual's salary in 2020 dollars is approximately O A. $80,041. O B. $71,456. OC. 593,381. O D.$1,799. O E. $60,398. QUESTION7 If real GDP remains constant we know for sure that O A. output has declined. O B. output has risen but prices have remained constant. O C. prices have remained constant. O D. output has remained constant. O E. output has risen. QUESTION 8 All of the following factors have contributed to the rapid expansion of international trade since the 1980s, except for O A. progress in communications. O B. trade agreements. Click Save and Submit to save and submit. Click Save All Answers to save all answers.
Please confirm my answer and justify!
If the CPI was 228 at the end of 2013 and 236 at the end of 2014, what was the inflation rate in 2014? Select one: A. 8 percent B. 236 percent C. 4 percent O D. 3.4 percent O E. 3.5 percent
A price index for a basket of goods over four years was calculated to be: 2014 = 92, • 2015 =97, • 2016=100, • 2017=107. Calculate the inflation rate for each year so that you will enter: Blank #1 = Inflation Rate for 2015 Blank #2 = Inflation Rate for 2016 • Blank #3 = Inflation Rate for 2017 What is the base year in this scenario? • Blank #4 = Base year for this basket %3D Round to two decimal places Blank # 1 Blank # 2 Blank # 3 Blank # 4
QUESTION 20 Table: The table below is for an imaginary economy of Orangeland where a typical consumer basket consists of 2 blankets and 10 coffees. Price of a Price of a Year Blanket Coffee 2017 $40 $3 2018 $45 $4 2019 $50 $5 Refer to Table. If the base year is 2018, then the economy's inflation rate in 2019 was O a. 15.38 percent. O b. 13.98 percent. Oc. 25.00 percent. O d. 20.00 percent.
A period of time against which costs of the market basket in other periods will be compared in computing a price index is called O the inflation period. O the market basket. O the adjustment period. O the base period
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 2012, the basket's cost was S77: in 2013. the basket's cost was $82; and in 2014, the basket's cost was $90. The value of the CPI in 2014 was O a. 109.8 and the inflation rate was 9.8%. O b. 109.8 and the inflation rate was 16.9%. O c. 116.9 and the inflation rate was 9.8. O d. 116.9 and the inflation rate was 16.9%.
Henrique is a baseball fan and attends several games per season. His expenses per season are listed in the table below: |Year 1 |Year 2 5 Baseball Tickets Jersey Food Transport $500 $600 |$100 $150 $50 |$120 $150 $80 Calculate the inflation rate for Henrique's baseball season between year 1 and 2. 18.5% O0.18% 15.8% O1.6%