Using the table below and 2000 as the base year, choose the statement holding true Year 2000 2022 Grains Movie shows Р 1 5 Q 500 300 Р 1.05 10.50 590 210 2021 Р 1 10 Select one: O a The CPI in 2022 is equal to 183.75% and the CPI in 2021 is equal to 175% The inflation rate in 2022 is equal to 5% Ob The CPI in 2022 is equal to 172 25% and the CPI in 2021 is equal to 161.4%. The inflation rate in 2022 is equal to 6.72% Oc The CPI in 2022 is equal to 172 25% and the CP1 in 2021 is equal to 162.5% The inflation rate in 2022 is equal to 6% Od The CPI in 2022 is equal to 161.4% and the CPI in 2021 is equal to 148.57%. The inflation rate in 2022 is equal to 4.13% 600 200

Using the table below and 2000 as the base year, choose the statement holding true Year 2000 2022 Grains Movie shows Р 1 5 Q 500 300 Р 1.05 10.50 590 210 2021 Р 1 10 Select one: O a The CPI in 2022 is equal to 183.75% and the CPI in 2021 is equal to 175% The inflation rate in 2022 is equal to 5% Ob The CPI in 2022 is equal to 172 25% and the CPI in 2021 is equal to 161.4%. The inflation rate in 2022 is equal to 6.72% Oc The CPI in 2022 is equal to 172 25% and the CP1 in 2021 is equal to 162.5% The inflation rate in 2022 is equal to 6% Od The CPI in 2022 is equal to 161.4% and the CPI in 2021 is equal to 148.57%. The inflation rate in 2022 is equal to 4.13% 600 200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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↑ Inflation Measure WPI Headline WPI Headline 1 WPI Food 0.34 WPI Core 0.82 CPI Headline 0.32 CPI Food 0.41 CPI Core -0.04 Inflation Measure WPI Headline WPI Food WPI Core CPI Headline CPI Food CPI Core WPI Headline 1 0.55 0.93 0.58" 0.34" 0.77" A: 1997 02-2008 04 WPI Food WPI Core CPI Headline CPI Food CPI Core 1 0.20 0.90 0.93 0.63 1 0.09 0.26 -0.32 B: 2009 01-2019 04 WPI Food WPI Core CPI Headline CPI Food CPI Core 1 0.27 0.91" 0.89 0.74* 1 0.39 0.10 0.67* Revisit Later 1 0.94 0.81 1 0.92* 0.86* 1 0.58 1 0.61* 1 1 Table 2: Correlation matrix of inflation measures (Please ignore the meaning of the * sign) Q. Based on Table 2, we can draw the conclusion that- Select an option & Clear Response The direction of movement between CPI core and WPI headline is not necessarily the same across the years Post 2008, WPI core and WPI headline have moved in opposite directions Prior to 2009, the correlation between WPI core and WPI headline has been very weak Post 2008, CPI core and WPI headline…
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