The table shows the quantities of the goods Suzie bought and the prices she paid during two consecutive weeks. The cost of Suzie's CPI market basket in Week 1 is $ 118.50'. >> Answer to 2 decimal places. The cost of her CPI market basket in Week 2 is $ 118.50. >> Answer to 2 decimal places. Gasoline is 44.3 percent of the CPI market basket. >>> Answer to 1 decimal place.
The table shows the quantities of the goods Suzie bought and the prices she paid during two consecutive weeks. The cost of Suzie's CPI market basket in Week 1 is $ 118.50'. >> Answer to 2 decimal places. The cost of her CPI market basket in Week 2 is $ 118.50. >> Answer to 2 decimal places. Gasoline is 44.3 percent of the CPI market basket. >>> Answer to 1 decimal place.
Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Measuring The Cost Of Living
Section: Chapter Questions
Problem 2PA
Related questions
Question
give me right answer。
![Week 1
The table shows the quantities of the goods Suzie bought and the prices
she paid during two consecutive weeks.
Item
Quantity
Price
The cost of Suzie's CPI market basket in Week 1 is $ 118.50.
>>> Answer to 2 decimal places.
The cost of her CPI market basket in Week 2 is $ 118.50
>>> Answer to 2 decimal places.
Gasoline is 44.3 percent of the CPI market basket.
>>> Answer to 1 decimal place.
The value of Suzie's CPI in Week 2 is 100.0.
>>> Answer to 1 decimal place.
Suzie's inflation rate in Week 2 is 0.0
>>> Answer to 1 decimal place.
>>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign.
percent.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5498129d-fa90-4054-9767-1cffe54599e5%2F2af700cc-3ec8-4aaf-a683-2da09eecf3a2%2Fth5pzp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Week 1
The table shows the quantities of the goods Suzie bought and the prices
she paid during two consecutive weeks.
Item
Quantity
Price
The cost of Suzie's CPI market basket in Week 1 is $ 118.50.
>>> Answer to 2 decimal places.
The cost of her CPI market basket in Week 2 is $ 118.50
>>> Answer to 2 decimal places.
Gasoline is 44.3 percent of the CPI market basket.
>>> Answer to 1 decimal place.
The value of Suzie's CPI in Week 2 is 100.0.
>>> Answer to 1 decimal place.
Suzie's inflation rate in Week 2 is 0.0
>>> Answer to 1 decimal place.
>>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign.
percent.
![The table shows the quantities of the goods Suzie bought and the prices
she paid during two consecutive weeks.
Week 1
Item
Quantity
14 cups
Price
Coffee
$2.50 a cup
Suzie's CPI market basket contains the goods she bought in Week 1.
Books
$30.00 each
Gasoline
15 gallons
$2.50 a gallon
Calculate the cost of Suzie's CPI market basket in Week 1 and in Week 2.
Week 2
What percentage of the CPI market basket is gasoline?
Item
Quantity
Price
Coffee
14 cups
$2.50 a cup
Calculate the value of Suzie's CPI in Week 2 and her inflation rate in week
Books
$15.00 each
$3.00 a gallon
$95 each
2.
Gasoline
5 gallons
Concert
1 ticket](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5498129d-fa90-4054-9767-1cffe54599e5%2F2af700cc-3ec8-4aaf-a683-2da09eecf3a2%2F2p778f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The table shows the quantities of the goods Suzie bought and the prices
she paid during two consecutive weeks.
Week 1
Item
Quantity
14 cups
Price
Coffee
$2.50 a cup
Suzie's CPI market basket contains the goods she bought in Week 1.
Books
$30.00 each
Gasoline
15 gallons
$2.50 a gallon
Calculate the cost of Suzie's CPI market basket in Week 1 and in Week 2.
Week 2
What percentage of the CPI market basket is gasoline?
Item
Quantity
Price
Coffee
14 cups
$2.50 a cup
Calculate the value of Suzie's CPI in Week 2 and her inflation rate in week
Books
$15.00 each
$3.00 a gallon
$95 each
2.
Gasoline
5 gallons
Concert
1 ticket
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Principles of Macroeconomics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781285165912/9781285165912_smallCoverImage.gif)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Principles of Economics, 7th Edition (MindTap Cou…](https://www.bartleby.com/isbn_cover_images/9781285165875/9781285165875_smallCoverImage.gif)
Principles of Economics, 7th Edition (MindTap Cou…
Economics
ISBN:
9781285165875
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Essentials of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337091992/9781337091992_smallCoverImage.gif)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Principles of Macroeconomics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781285165912/9781285165912_smallCoverImage.gif)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Principles of Economics, 7th Edition (MindTap Cou…](https://www.bartleby.com/isbn_cover_images/9781285165875/9781285165875_smallCoverImage.gif)
Principles of Economics, 7th Edition (MindTap Cou…
Economics
ISBN:
9781285165875
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Essentials of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337091992/9781337091992_smallCoverImage.gif)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Brief Principles of Macroeconomics (MindTap Cours…](https://www.bartleby.com/isbn_cover_images/9781337091985/9781337091985_smallCoverImage.gif)
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Principles of Macroeconomics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305971509/9781305971509_smallCoverImage.gif)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781305971509
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![ECON MACRO](https://www.bartleby.com/isbn_cover_images/9781337000529/9781337000529_smallCoverImage.gif)