Beside GDP deflator what other price indices are used in measuring inflation? 2. Which one is the best? Why?

Q: Hi, can someone help me. I'm not understanding what it's asking me to do.

A:

Q: The CPI measures approximately the same economicphenomenon asa. nominal GDP.b. real GDP.c. the GDP…

A: ANS CPI is the weighted average level of price of goods & services brought by the households in…

Q: What is the CPI in 2020?  What is the inflation rate between 2019 and 2020?

A: The measure that in turn tend to depict thechanges in the level of price of a consumer's basket of…

Q: (a) The Consumer Price Index (CPI) in December 1980 was 86.3. The Consumer Price Index as of…

A: a. If minimum wage in 1980 was w1980, minimum wage in 2021 will be w2021=w1980*278.886.3≈3.23w1980…

Q: If real GDP in a year was $4,220 billion and the price Index was 112, then nominal GDP In that year…

A: Given: Real GDP=$4220 billion Price Index=112 To find: Nominal GDP

Q: Please analyse it. How we found the GDP deflator and the CPI. I'm confused

A:

Q: such as the consumer prices ind

A: If inflation is high, the CPl is the better measure of the overall price level; if inflation is low…

Q: Change in GDP deflator: 36% Change in CPI : 35.0003% Although both GDP deflator and CPI are both…

A: GDP deflators refers to the measure of prices of newly produced goods and services in the economy in…

Q: "Consumer Price IndexGiven the following data, what was the value of the consumer price index in the…

A: The inflation rate, which describes how general prices fluctuate over the previous year, is…

Q: 1. Below are some data from the land of milk and honey. Year Pmilk (RM) Qmilk (Litre) Phoney (RM)…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A. Assume the number of employed people in Pakistan is 22.5 million in 2020. The number of…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: norminal GDP                      real GDP 2000      13000                                   12900…

A: Formula:  GDP Deflator = (Nominal GDP / Real GDP) *100. Inflation rate = {(Present year GDP…

Q: If the nominal GDP is $20 trillion, what is the real GDP if the inflation is 3%

A: Real GDP is also called inflation adjusted GDP.

Q: (c) The GDP deflator is a price index that does not have a base period. Evaluate the reliability of…

A: The GDP (gross domestic product) price deflator, also known as the GDP deflator or the implicit…

Q: Does the index calculated from the prices and quantities in this table over or understate the…

A: An economy is a complex structure under which various activities take place. A product is exchanged…

Q: If the inflation rate is 6% and Susan receives a 6% increase in income, then, over the year,…

A: The market value of an individual's wage money is known as nominal income and the purchasing of this…

Q: sumes bread and automobiles. In the following table are data for two different years. 2000 2010 Good…

A: a.    Year 2000 2010 Nominal GDP 100*50000+500000*10=$10000000 120*60000+400000*20=$15200000…

Q: Calculate the Laspeyres Index Icpi for 2020 given 2019 as a base year using the following basket of…

A: Laspyer's price index is computed using fixed basket of goods.

Q: Item 2017     2018     2019       Quantity Price   Quantity Price   Quantity Price…

A: 1) Real GDP in 2018 Real GDP is GDP at constant price. So, here we take 2017 prices as constant.…

Q: culate the inflation rate in sudan where the CPI in 2021 was 100 and CPI in 2021 is 150?

A: Inflation is the rate at which the value of a currency is falling and, consequently, the general…

Q: Apples Oranges Price Quantity Price Quantity Year (Dollars per apple) (Number of apples) (Dollars…

A: Nominal GDP measures the value of goods and goods and services produced in the economy at current…

Q: What is inflation? How can we measure it? What are the differences between inflation based on CPI…

A: inflation is a term that refers to the increase in the general price level of most services and…

Q: 2. Alternative price indexes Because there isn't one single measure of inflation, the government and…

A: The GDP deflator is calculated by dividing the value of final goods and services produced in an…

Q: a. What is the cost of the CPI market basket in 2006? b. What is the cost of the CPI market basket…

A: Since you have asked the multiple sub-parts, we will solve the first three sub-parts for you. If you…

Q: Assume the CPI Basket is made of 100 gums and 10 bikes. The table below shows prices of both goods…

A: Consumer price index (CPI) measures the average change in prices over time that consumers pay for a…

Q: If nominal GDP is $6 trillion and the price index is 150%, then real GDP is: a. $9 trillion b. $1…

A: Here, given information is: Nominal GDP: $6 trillion Price index (GDP deflator): 150% To find:…

Q: a) Assume the number of employed people in Pakistan is 22.5 million in 2020. The number of…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Describe the GDP deflator and how it is used to measure inflation

A: Deflator is a value that allows data to be measured over time in terms of base period, so as to…

Q: Consider the table below.  Year CPI CPI Inflation Real GDP Nominal GDP GDP Deflator GDP Inflation…

A: When talking about inflation rate, it is analyzed by comparing the current years price with the base…

Q: Assume the CPI Basket is made of 100 gums and 10 bikes. The table below shows prices of both goods…

A: In an economy, consumer price Index is used to describe the change in the cost of basket over a…

Q: In 2014, Apple’s revenue was $183 billion, and it grew to $267 billion in 2018. a. What is the…

A: Real growth rate is the growth rate adjusted for inflation. CPI is used to measure inflation rate.

Q: 2010 2015 Good Quantity Price Quantity Price Hot dogs 200 $2 250 $4 Hamburgers 200 $3 500 $4 A.…

A:

Q: what is CPI (consumer price index) rebasing? and what is the processing of rebasing?

A: The consumer price index is re-based or revised in every five years. The importance of rebasing is…

Q: Price Quantity Price Quantity Year (Dollars per cupcake) (Number of cupcakes) (Dollars per eraser)…

A: Real GDP is a measure that reflects the value of the goods and services which are produced within…

Q: Define CPI. What is it? What does it measure? How is it calculated?

A: CPI is the abbreviation for consumer price index.

Q: he CPI in 1974 equaled 0.49. The CPI in 1975 equaled 0.54. Use the CPI from both years to answer he…

A: CPI is measured using fixed basket of goods.

Q: Using data in the following table: a. Compute nominal GDP in each year. b. Compute real GDP in each…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: 2. Alternative price indexes Because there isn't one single measure of inflation, the government and…

A: CPI and GDP deflator are two different index to measure inflation, that is percentage increase in…

Q: Consider the table below Year CPI CPI Inflation Real GDP Nominal GDP GDP Deflator GDP Inflation…

A: Here, information related to GDP inflation and GDP deflator is given for different years.

Q: Nominal GDP last year was $28,909 billion. Contracts on the futures markets are currently selling…

A: A future contract is a derivate instrument which  derives it's value from an underlying asset. In…

Q: The table below gives the CPI basket for 2012. Suppose that 2012 is the reference base period a)…

A: Here, in the given table, quantity of various Products is given once, so one can assume that the…

Q: What is the correlation between CPI and GDP? How does it affect each in a positive way? What is…

A: Relating the Consumer Price Index to the GDP price index and the GDP implicit price deflator U.S.…

Q: What is the Higher Education Price Index (HEPI), where does it fit in with the CPI and PPI, and how…

A: Higher Education price Index represents the price and its adjustments in the charges of the…

Q: What does the CPI means? a. The gross domestic product b. The labor force participation rate c. The…

A: What does the CPI means? The answer is - c. The changes in the price level

Q: The following table gives nominal and real GDP for an economy for two years. Year 1 Year 2 1540.0…

A: Ans. The value of the GDP deflator in the country is the ratio of the Nominal GDP and Real GDP…

Q: Distinguish between the Consumer Price Index (CPI) and the Producer Price Index (PPI)

A: the Consumer Price Index (CPI) and the Producer PriceIndex (PPI)