The following table presents the price and aggregate quantity of some goods in an economy in 2016 and 2019. A, B, and C are the products of this economy, but A is not a final good. Products D and E are imported final goods from abroad. Calculate: Good A B C D E 2016 Quantity Price 25 1.5 50 7.5 40 6 30 5 60 2 2019 Quantity 30 60 50 35 70 Price 1.6 8 7 5.5 2.5 (a) Inflation through the GDP deflator (2016 is the base year). (b) Inflation through CPI (2016 is the base year).

The following table presents the price and aggregate quantity of some goods in an economy in 2016 and 2019. A, B, and C are the products of this economy, but A is not a final good. Products D and E are imported final goods from abroad. Calculate: Good A B C D E 2016 Quantity Price 25 1.5 50 7.5 40 6 30 5 60 2 2019 Quantity 30 60 50 35 70 Price 1.6 8 7 5.5 2.5 (a) Inflation through the GDP deflator (2016 is the base year). (b) Inflation through CPI (2016 is the base year).

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

[economics] could u please find the inflation rate using CPI and GDP deflator respectively? thx!

4.
The following table presents the price and aggregate quantity of some goods in an
economy in 2016 and 2019. A, B, and C are the products of this economy, but A is not a
final good. Products D and E are imported final goods from abroad. Calculate:
Good
A
B
C
D
E
2016
Quantity Price
25
1.5
50
7.5
40
6
30
5
60
2
2019
Quantity Price
30
1.6
60
8
50
7
35
5.5
70
2.5
(a) Inflation through the GDP deflator (2016 is the base year).
(b) Inflation through CPI (2016 is the base year).

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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