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A: Answer-
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A: CPI2015 = 238 CPI2016 = 243
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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
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A: Cost of basket, 2014 = 4 x 4 + 6 x 3 + 2 x 5 = 16 + 18 + 10 = 44 Cost of basket, 2015 = 5 x 4 + 8 x…
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What is the approximate rate of inflation in year 3?
![Year
1
2 (base year)
2345
3
Consumer Price Index
80
100
105
125
150](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F830be339-a588-48f5-9c7a-15109762c3ed%2Fa512b1ae-4ac0-4591-9ee3-7e700fc69b0c%2Ftinvb9r_processed.png&w=3840&q=75)
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Inflation is the rate of growth of price. It is the percentage change in CPI
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- If the consumer price index and inflation are currently 214.9 and 8.4%/year.respectively, what was the level of the consumer price index a year ago?Calculate the inflation rate experienced in 2014 and 2015 based on the CPI for each year below:Can u help me the salaries of the employee (40,000 monthly) in the year 2024, 2025 and 2026, knowing its inflation rate in the Philippines
- Here are values of the CPI (multiplied by 100) for each year from 2000 to 2010. For each year beginning with 2001, calculate the rate of inflation from the previous year. Year CPI Inflation Rate (%) 2000 133.7 2001 139.2 2002 143.3 2003 147.5 2004 151.2 2005 155.4 2006 159.9 2007 163.5 2008 166 2009 169.6 2010 175.2In 2022, the CPI for a particular country was 180.0. In 2023, the CPI increased to 195.5. Assuming the base year was set at 2010 with a CPI of 100, calculate the inflation rate between 2022 and 2023.The CPI-U (U.S. city average, all items) has the following annual averages: a. For each year from 2014 to 2017 determine the annual inflation rate inpercent to two decimal places. b. Because inflation, like interest, is compounded from period to period (e.g., year to year), estimate the overall annual inflation rate per year from 2013 to 2017. Suggestion! Do not simply average the rates of part (a).
- write on paper 1- The current gasoline price is $4.50 per gallon, and it is projected to increase by 5% the next year, 7% the following year, and 8% the third year. What is the average inflation rate for the projected gasoline price for the next three years?Use the information below to: a) compute the price index for each year using 2019 as the base year. b) compute the inflation rate between the two years. Item Quantity Unit Price-2018 Unit Price-2019 Coffee 20 pounds $7.00 $8.00 Rent 12 months 950.00 1,000.00 Pizza 100 pizzas 12.00 14.00 Cable 12 months 55.00 60.00 Vacation 2 weeks 550.00 600.00The country of Panem produces only bow and arrow. Quantities and prices of these goods for the last several years are shown below. The base year is 2010. Prices and Quantities Price of Bow Quantity of Price of Quantity of Bow Year Arrow Arrow 2010 $10.00 200 $3.50 380 2011 $10.00 220 $5.00 400 2012 $11.00 250 $5.50 400 2013 $12.00 280 $6.50 440 What is the inflation rate in 2011? 8.79% 12.92% 16.67% None of the above
- If the Consumer Price Index was 155 in one year and 165 in the next year, then the rate of inflation from one year to the next was approximately: Group of answer choices 6.5% -6.5% 6.1% 10%The CPI in 2020 was 136.2 and the CPI in 2021 was 140.1. The rate of inflation between 2020 and 2021 was approximately 3.7% was approximately 2.7% was approximately 3.9% cannot be determined from this information because the base year is unknown was approximately 2.9%The CPI in period 1 is 150 and the CPI in period 2 is 200. What is the rate of inflation between period 1 and period 2? Include up to two decimal places, if necessary.
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