If the price index in year 1 is 146 and in year 2 is 163, the rate of inflation between year 1 and year 2 is:Selected Answer:В. 8.2%.Answers:A. 15.0%.В. 8.2%.C. 11.64%.D. 10.43%.

Inflation refers to the increase the price level of the goods and services in the economy which…

Answered: If the price index in year 1 is 146 and…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Suppose that the typical consumer in the USA buys some imported Columbian coffee. An increase in the price of Columblan coffee would show up in an increase in the consumer price index if it is in the basket. would not show up in the Consumer Price Index because it is imported from Columbla. would show up in an increase in the consumer price index even if it is not in the basket. would not show up in the Consumer Price Index because of the high Inflation rates in Columbia would distort the index could never show up in the CPI because of the large seasonal adjustment to the data.
what is ? 1-)Consumer Price Index 2-)Production Price Index 3-)Inflation Rate
Answer A is incorrect. Please help me
Problem 1: Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 5 bars and the price is $3. In year 2, the quantity produced is 6 bars and the price is $4. In year 3, the quantity produced is 7 bars and the price is $5. Year 1 is the base year. •d. What is the inflation rate in year 2 and 3 related to previous one ?
10. Under the following conditions, estimate the price of an item during year 3 A. If it is estimated that its price at the beginning of the analysis is $8.50 and suffers an inflation of 5.5% per year. B. If it is estimated that its price at the beginning of the analysis is $8.50 and it suffers an inflation in year 1 of 3%, in year 2 of 5% and in year 3 of 2%. C. If it is estimated that its price in the first year of the analysis will be $8.50 and it suffers an inflation of 5% per year. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Considere os seguintes dados acerca da evolução da inflação em Portugal (medida pelo IPC, Índice de Preços no Consumidor, ano base: 1976), entre os anos 1976 e 1985 (t = 1,..., n): / Consider the following data on the evolution of inflation in Portugal (measured by the CPI, Consumer Price Index, base year: 1976), between the years 1976 and 1985 (t = 1,..., n): In IPC, 4,42+0,203t ²=0,000924 It crit=2 a=5% Selecione uma opção de resposta: Oa. Prevê-se que, em 1980 o IPC se situe entre 5,37 e 5,50. / In 1980 the CPI is expected to be between 5.37 and 5.50. O b. Se, em 1980 o IPC tiver sido de 220 pode concluir-se que esse era um valor previsível, pelo que o modelo parece ser adequado para fins de previsão. / If in 1980 the CPI was 220 it can be concluded that this was a predictable value and therefore the model seems adequate for forecasting purposes. O c. Não há informações suficientes para determinar a previsão, por intervalo, da taxa de inflação em Portugal para 1980. / There is not…
A. Find the real value of your 40,000 salary for each of the next three year's. year1? year2? year3? b. If you have a cola in your contract, and the inflation rate is 5 percent, what is the real value of your salary for each year? year1? year2? year3?
300 OA: B OB;B O C;D (1) OB:C D LM, LM₂ IS₂ IS₁ Y P3 P2 PL P Y3 Y2 (2) с AD₁ YI Y2 Y3 Refer to the figure above. If the economy is initially at point A in both panels, and the rate of inflation slows down, then the economy will be at point in panel 1 and point in panel 2. YI AD, AD₂ Y
The spot rate of foreign exchange between Thailand and the United States (USA) is ฿30.7/$. The exchange rate is expected to grow by 7% over the next year. How can you describe the inflation rates, the nominal interest rates and the real rates in the USA versus Thailand?
According to the government data, the CORE rate of inflation (based on the CPI) during the one-year period ending in March 2021 was:
The rate of inflation measures the percentage increase in the price of consumer goods. The rate of inflation in the year 2014 was 2% per y in the long run, let's suppose that it persists through 2034. What would be the cost in 2015 of an item that costs $400 in 2014? (Round your answer to the nearest cent.)
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

SEE MORE QUESTIONS

Recommended textbooks for you

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

Principles of Economics (MindTap Course List)

Economics

ISBN:

9781305585126

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:

9781337106665

Author:

Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:

Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…

Economics

ISBN:

9781259290619

Author:

Michael Baye, Jeff Prince

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

If the price index in year 1 is 146 and in year 2 is 163, the rate of inflation between year 1 and year 2 is: Selected Answer: В. 8.2%. Answers: A. 15.0%. В. 8.2%. C. 11.64%. D. 10.43%.