same table - using the CPI method, calculate inflation/deflation from 2020 to 2022: CPI Method P*Q+P*Q year Pizza Q Pizza P Shoes Q Shoes P 2020 10 $ 10.00 7 $125.00 2021 12 $ 11.00 11 $150.00 2022 13 $ 12.00 8 $100.00 -0.1540 ○ 0.1540 -0.1590 ○ 0.1590 -0.1595 0.1595 Question 4 Using the table below, calculate the GDP deflator for 2023 year Burkin Bag Burkin Price Nikes Nikes Price 2019 3 $ 100.00 10 $ 125.00 2020 4 $ 200.00 11 $ 110.00 BASE YEAR 2021 2 $ 140.00 12 $ 135.00 2022 3 $ 125.00 10 $ 120.00 2023 4 $ 175.00 11 $ 150.00 -.1113 ○ .2914 ○ .8898 ○ 1.078 ○ 1.149
same table - using the CPI method, calculate inflation/deflation from 2020 to 2022: CPI Method P*Q+P*Q year Pizza Q Pizza P Shoes Q Shoes P 2020 10 $ 10.00 7 $125.00 2021 12 $ 11.00 11 $150.00 2022 13 $ 12.00 8 $100.00 -0.1540 ○ 0.1540 -0.1590 ○ 0.1590 -0.1595 0.1595 Question 4 Using the table below, calculate the GDP deflator for 2023 year Burkin Bag Burkin Price Nikes Nikes Price 2019 3 $ 100.00 10 $ 125.00 2020 4 $ 200.00 11 $ 110.00 BASE YEAR 2021 2 $ 140.00 12 $ 135.00 2022 3 $ 125.00 10 $ 120.00 2023 4 $ 175.00 11 $ 150.00 -.1113 ○ .2914 ○ .8898 ○ 1.078 ○ 1.149
Chapter1: Financial Statements And Business Decisions
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