The following table shows some values of the Consumer Price Index and the corresponding inflation rates for 2012-2015.YearCPIInflation Rate2012229.62.1%2013233.020141.6%2015237.00.1%The value of the Consumer Price Index in 2014 was approximately.Select one:O a. 234.6O b. 235.0O c. 246.9O d. 236.7

From the given information we have to calculate the Consumer Price Index in the year 2014

Answered: The following table shows some values…

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 3.7P

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Similar questions

The total price of purchasing a basket of goods in the United Kingdom over four years is: year 1=940, year 2=970, year 3=1000, and year 4=1070. Calculate two price indices, one using year 1 as the base year (set equal to 100) and the other using year 4 as the base year (set equal to 100). Then, calculate the inflation rate based on the first price index. If you had used the other price index, would you get a different inflation rate? If you are unsure, do the calculation and find out.
Rosalie the Retiree knows that when she retires in 16 years, her company will give her a one-time payment of 20,000. However, if the inflation rate is 6 per year, how much buying power will that 20,000 have when measured in todays dollars? Hint: Start by calculating the rise in the price level over the 16 years.
Suppose that the consumer price index at year-end 2008 was 140 and by year-end 2009 had risen to 154. What was the inflation rate during 2009? 7.1 percent 10 percent O 14.2 percent O 9.1 percent
m 14:41 Use the table below to calculate the inflation rate. Year 1 2 3 Price of the Market Basket $1,868 $1,952 $2,065 Using Year 1 as a base year, what is the inflation rate in Year 2? W Multiple Choice O 4.20 percent 104.50 percent O 5.79 percent 4.50 percent zoom 73 82,244 A MacBook Pro N @ # $ % & 1 2 3 4 5 6 7 8
Refer to the information provided in Table 7.4 below to answer the questions that follow. Table 7.4 Good A Good B Good C Units Purchased 5 10 4 2010 $1.00 $2.00 $4.00 Price per Unit in 2011 $1.50 $2.50 $4.50 Refer to Table 7.4. If 2011 is the base year, the inflation rate between 2010 and 2011 is O 23.2%. O 20.4%. O 18.8%. O 14.1%. 2012 $1.50 $3.00 $5.00
Question 2 The GDP deflator in year 4 is 120 and the GDP deflator in year 5 is 130. The rate of inflation between years 4 and 5 is O -10%. O 7.7%. O 8.33%. O 10%.
In 2008 the price index was calculated at 137.9 with 2003 as the base year. In 2009 the price index increased to 148.7. What was the inflation from 2008-2009? O 7.8% O 7.3% O 10.8%
5.0 4.0 3.0 2.0 1.0 1975 1985 1995 2005 Year In the above figure, which period(s) show deflation? O Only from 1995 to 2005. O Only from 1985 to 1995. O None of the above because there is no year with deflation in the above figure. O From both 1975 to 1985 and from 1995 to 2005. Inflation rate (percent per year)
The price index was 140 in one year and 148.4 in the next year. What was the inflation rate? 8.4 percent O 6.0 percent O 2.4 percent O 4.2 percent
"If the consumer price index was 102 in the base year and 117 in the following year, the inflation rate was" O 15 percent. 14.7 percent. 7 percent. O 1.07 percent.
1
Bike Washer car TV Yr1 300 1560 5600 52 Yr2 310 1570 5610 53 Y3 325 1585 5650 54 Yr4 350 1610 5700 55 Using the information above -Give the consumer price index for years one, two, three, and four -State what the percent rate of change in the CPI/inflation will be from year 1 to year 2, from year 2 to year 3, from year 3 to year 4. (round to the whole number for all calculations and final answers)

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