How can we easily calculate the price index (or inflation rate) of gasoline?

Q: did you get 0.2Y?

A: The aggregate expenditure is the sum total of consumption, investment, government expenditures.

Q: A real price is A price after deflation has occurred. O A nominal price plus the inflation rate. An…

A: The price level in an economy is determined where aggregate supply equates to aggregate demand. This…

Q: Forty years ago, a gallon of gas cost $1.20. Today, a gallon of gas costs 2.60. Suppose that the gas…

A: The gallon gas cost $1.20, fourty years ago. The present cost of gas is $2.60. The gas price…

Q: 16. The demand for good X is estimated to be Q, = 10, 000 – 4Px + 5Py+ 2M + Ax where Px is the price…

A: Cross price elasticity of demand measures the responsiveness of quantity demanded of good 1 with…

Q: X 13.1.69 Question Help The year 2018 price of a new car is given below. Find the estimated future…

A: Given price of car = $35900 Inflation rate of 2024 = 2% Inflation rate of 2030 = 2% Inflation rate…

Q: The following table contains data for a hypothetical closed economy that uses the dollar as its…

A: The term "government spending" describes the cash that the government spends on various goods and…

Q: Consider the following production function that depends only on labor:Q = 2L + 6L² - 3L³

A: Given information: Q = 2L + 6L2 - 3L3 ---> Production function.  Where Q is output produced L is…

Q: What is current price of BTT in USD ?

A: BTT stands for Bit torrent token. It is a token of cryptocurrency.

Q: Cindy is pumping gasoline at ExxonMobil and saw that the price is $3.59 per gallon. She is curious…

A: Inflation isn't just a number; it's a compass guiding economic choices. It impacts savings,…

Q: The price of oil in 2005 was $3,350 per barrel. “This price is still lower than the price of oil in…

A: Inflation rate tells us about the change in prices over a time period. For example , an inflation…

Q: The consumer price index (CPI) has increased from 80 to 88. Calculate the inflation rate

A: The Inflation rate is that the life of the rise or rate of increase within the general worth of…

Q: Your parents have given you $2,500 a year before your graduation so that you can take a trip when…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: an index decreases from 110 to 105. the percentage change in the index is?

A: % Change=x2-x1x1x100               =105-110110x100               =-0.045x100               =-4.5%…

Q: A city is spending $20.7 million on a new sewage system. The expected life of the system is 50…

A: The capitalised cost or worth of a specific project or investment provides an approximation of the…

Q: ! Thank you.

A: Given: B=0

Q: What is the use of inflation-adjusted figures?

A: Inflation is the cost of goods and services rising across the economy. Because inflation is not a…

Q: Sally will earn $30,000 this year and $40,000 next year. The real interest rate is 20% between this…

A: The intertemporal budget constraint explains us about how an individual buyer takes consumption…

Q: he following table gives the cost and demand data for a monopolist: utput Price $ Marginal Revenue $…

A: A monopolist is a sole producer of a good in the market thus having a maximum market power thus act…

Q: How can I find the Consumer Price Index

A: Introduction The Consumer Price Index (CPI) represents as a measure for the general level of prices…

Q: Consumer Price Index (CPI) or Retail Price Index (RPI) which is a better measure of Inflation for…

A: Supermarkets are the place where households can get almost all the housing products that are used on…

Q: Calculate the rate of inflation or delation between 2014 and 2015.

A: Cost of basket, 2014 = 4 x 4 + 6 x 3 + 2 x 5 = 16 + 18 + 10 = 44 Cost of basket, 2015 = 5 x 4 + 8 x…

Q: Suppose a consumer had a budget of $64.40. The price of Good X is $7 and the price of Good Y is $35.…

A: here we calculate the value of x - intercept of the budget which are as follow-

Q: Give an example of a good or service that has increased in price since the time when you were young.…

A: The consumer price index is a measure of inflation based on changes in the price level of a weighted…

Q: Question 1: Very Basic Supply & Demand This question revisits the lumber market theme from the…

A: In economics, equilibrium refers to a state of balance or stability in a market where the quantity…

Q: What is the Inflation factor?

A: Inflation is the abnormal increase in the general price level of the economy. When there is…

Q: Following is data for a hypothetical economy. The base year is 2002 (Price index = 100). Nominal GDP…

A: Given : Base Year is 2002 where Price index is 100.

Q: How do higher gasoline prices contribute to inflation?

A: Inflation: It refers to the rise in the general price level of goods and services traded in the…

Q: see in

A: E onomic growth mostly occurs in large economies population.

Q: How to calculate hourly recovery tariff

A: Hourly recovery tariff, also known as an hourly recovery rate, is a term used in cost accounting and…