In the future, “you will own nothing and you will be happy.”Jack is a lowly office worker in 2030 and represents the typical consumer. He only spends his money on three items: his daily food cube (which provides all of the necessary macronutrients and calories for the day in the palm of your hand!), Uber rides, and rent on his 250 square foot apartment (which is sometimes used as a meeting space and love hotel). Jack’s annual consumption is 365 food cubes, 600 Uber rides, and 12 rental payments. Let 2029 be the base year, and assume that the CPI for 2030 is 150. Year Price of Food Cube Price of Uber Ride Price of Rental Payment 2030 $15 $30 $665 2031 $20 $40 $1,000 2032 $25 $40 $3,330 2033 $30 $35 $10,000 (a) Calculate the CPI for 2031, 2032, and 2033. Show your work. (b) Now let 2030 be the base year. Calculate the CPI for 2031, 2032, and 2033. Show your work
In the future, “you will own nothing and you will be happy.”Jack is a lowly office worker in 2030 and represents the typical consumer. He only spends his money on three items: his daily food cube (which provides all of the necessary macronutrients and calories for the day in the palm of your hand!), Uber rides, and rent on his 250 square foot apartment (which is sometimes used as a meeting space and love hotel). Jack’s annual consumption is 365 food cubes, 600 Uber rides, and 12 rental payments. Let 2029 be the base year, and assume that the CPI for 2030 is 150.
| Year | Price of Uber Ride | Price of Rental Payment | |
| 2030 | $15 | $30 | $665 |
| 2031 | $20 | $40 | $1,000 |
| 2032 | $25 | $40 | $3,330 |
| 2033 | $30 | $35 | $10,000 |
(a) Calculate the CPI for 2031, 2032, and 2033. Show your work.
(b) Now let 2030 be the base year. Calculate the CPI for 2031, 2032, and 2033. Show your work
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