The table below represents the goods that are produced by Siri bread and water are used by the citizens of the city half of all plows are used by the city Council while the rest are used by citizens metal is used to produce plows and Nothing More when necessary use 2013 as the base year the typical consumer buys 10 bread 100 water and two plows.a. Calculate the inflation fir all adjacent years The image contains a table detailing the price and quantity of various goods from 2011 to 2014. The goods are categorized as Bread, Water, Plows, and Metal.### Bread- **2014**: Price - $5, Quantity - 120- **2013**: Price - $3, Quantity - 120- **2012**: Price - $3, Quantity - 110- **2011**: Price - $2, Quantity - 100### Water- **2014**: Price - $2, Quantity - 1000- **2013**: Price - $1, Quantity - 1000- **2012**: Price - $1, Quantity - 1000- **2011**: Price - $1, Quantity - 1000### Plows- **2014**: Price - $210, Quantity - 40- **2013**: Price - $200, Quantity - 70- **2012**: Price - $200, Quantity - 70- **2011**: Price - $150, Quantity - 60### Metal- **2014**: Price - $49, Quantity - 934- **2013**: Price - $46, Quantity - 900- **2012**: Price - $44, Quantity - 875- **2011**: Price - $43, Quantity - 800This table shows trends in pricing and quantities of each commodity over the four-year period.

For calculating Inflation, we need CPI. CPI is calculated using Cost of basket. So, firstly we need…

Answered: The table below represents the goods…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The table below represents the goods that are produced by Siri bread and water are used by the citizens of the city half of all plows are used by the city Council while the rest are used by citizens metal is used to produce plows and Nothing More when necessary use 2013 as the base year the typical consumer buys 10 bread 100 water and two plows.
a. Calculate the inflation fir all adjacent years

The image contains a table detailing the price and quantity of various goods from 2011 to 2014. The goods are categorized as Bread, Water, Plows, and Metal.

### Bread
- **2014**: Price - $5, Quantity - 120
- **2013**: Price - $3, Quantity - 120
- **2012**: Price - $3, Quantity - 110
- **2011**: Price - $2, Quantity - 100

### Water
- **2014**: Price - $2, Quantity - 1000
- **2013**: Price - $1, Quantity - 1000
- **2012**: Price - $1, Quantity - 1000
- **2011**: Price - $1, Quantity - 1000

### Plows
- **2014**: Price - $210, Quantity - 40
- **2013**: Price - $200, Quantity - 70
- **2012**: Price - $200, Quantity - 70
- **2011**: Price - $150, Quantity - 60

### Metal
- **2014**: Price - $49, Quantity - 934
- **2013**: Price - $46, Quantity - 900
- **2012**: Price - $44, Quantity - 875
- **2011**: Price - $43, Quantity - 800

This table shows trends in pricing and quantities of each commodity over the four-year period.

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