A Consumer Expenditure Survey in the city of Firestorm shows that people buy only firecrackers and bandages. A Consumer Expenditure Survey in 2016 shows that the average household spent $260 on firecrackers and $7 on bandages. In 2016, the reference base year, the price of a firecracker was $4, and the price of bandages was $1.00 a pack. In the current year, 2017, firecrackers are $7 each and bandages are $1.00 a pack. Calculate the CPI in 2017 and the inflation rate in 2017. or ry >>> Answer to 1 decimal place. The CPI in 2017 is The inflation rate in 2017 is percent. ng

Q: GST was first introduced in which country ?

A: GST was introduced in many countries to reduce the tax evasion.

Q: I also need help with C and D

A: The advertisement cost is a sunk cost, and this is exceptionally prominent in the oligopoly market.…

Q: Consider a marriage market with three men and three women, all of whom prefer any match to being…

A: Given information

Q: What does the total revenue represent?a

A: The income generated from normal commercial activities can be demarcated as revenue.

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: How are the annual revenues and expenses estimated?

A: The annual revenue can be estimated by multiply the units of goods and services sold to the price…

Q: What is transport infrastructure

A: Infrastructure is organisational structure which is required for the societal operation.

Q: What is GST in Canada? How does it works? and it's Importance?

A: The Goods and Services Tax (GST) in Canada is a value-added tax introduced by the federal government…

Q: What about 2& 3?

A: In an economy, an individual will make his consumption decision based on his preferences and that…

Q: d C b a U 0 30 50 75 W 100

A: Step 1:I would rather win a gift card so I can get whatever I want; it would depend on the gift…

Q: Renting would be better than buying for an individual who does not want to need to pay for…

A: Renting - Renting is the amount paid for using the property and this use can be for personal…

Q: allon) $2.20 $2.00 $1.80 $1.60 $1.40 $1.20 $1.00 D i. 300 400 500 600 700 800 Quantity of Gasoline…

A: Disclaimer :- since you asked multipart questions we are solving first 3 subparts as per given…

Q: IF DISTRIBUTORS GET 55 MILLION HOW VALUE CAPTURED IS 330 MILLION ?

A: When distributors receive 55 million, the value captured of 330 million can be understood through…

Q: What is land property

A: Land: It refers to the asset of the people. More land with the people shows that are rich. The less…

Q: How any coffee shop could be CSR?

A: Corporate social responsibility (CSR) refers to a kind of worldwide private corporate…

Q: What are the two kinds of Indian budget?

A: Introduction - The French word "bougettee," from which the English word "budget" is derived, refers…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: You have 5 kids and work 2 jobs to help support your family. You work a day job from 8:00 am to 4:00…

A: Production possibility frontier is a graphical representation that shows different possible outcomes…

Q: Typed plz and asap I want quality solution take care of plagiarism

A: The objective of this question is to understand how to calculate the inflation rate, which is a…

Q: where did 118.8 come from?

A: There is a slight mistake in the solution as per the solution given by the expert

Q: how did u get 0.92Y in the brackets ?

A: IS Curve: IS Curve shows different combination of the interest rate and the income level such at…

Q: What cultural aspects (language, religion, customs) a company must have in the area of ​​technology

A: Technology and culture seems growing with changes in centuries. Its moving together. Technology has…